ISLAMABAD, Pakistan: Prime Minister Muhammad Nawaz Sharif will perform the groundbreaking of Havelian-Thakot section of China Pakistan Economic Corridor (CPEC) in Mansehra on April 28.
The 120 kilometer long section will be completed in 42 months at a cost of Rs 133.98 billion, the PM Office said on Wednesday.
China’s Exim Bank will provide 90 percent funding for the project while the Government of Pakistan will share 10 percent of the cost.
The road will originate from Havelian and after passing through Abbottabad, Mansehra, Shinkiari will end at Thakot.
To speed up the pace of work, the project is divided into three sub sections; Havelian-Abbottabad, Abbottabad-Mansehra and Mansehra-Thakot.
The project has been awarded to M/s China Communications, the PM Office said.