NHA Attracts Private Sector Investment in Infrastructure Projects
In order to ensure better planning of infrastructure projects National Highway Authority (NHA) arranged a Stakeholder’s Consultation with the cooperation of Public Private Partnership Authority (PPPA).
NHA has attracted Rs 144 bn from the private sector investment for road infrastructure projects which has surprisingly exceeded the average annual Foreign Direct Investment (FDI).
The Build-Operate-Transfer (BOT) model, a modern concept of infrastructure development, is a prominent mode in which the private sector builds a project and operates a facility for an agreed time period ranging between 20 to 30 years.
The Executive Committee of the National Economic Council (ECNEC) being part of this consultation has given approval for the construction of 306km-long Motorway worth Rs 165.679 bn. This involves construction of a 6-lane wide access-controlled motorway, starting from Hyderabad and extending till Naro Canal Sukkur.
It is expected that the revenue earnings from these prospective projects would be over Rs 391 bn as per the statement released by NHA.
Other planned projects in the pipeline are Sialkot-Kharian and Kharian Rawalpindi Motorways, Balkasar-Mianwali road and Mianwali-Muzafargarh Road and Multan- Muzaffargarh-D.G. Khan road.