Private sector to be invited for highway construction
Business
February 13, 2021
ISLAMABAD: The government is developing a transaction structure to construct and operate 70-kilometre long highway in the Punjab on public-private partnership basis, officials said on Friday.
The project is proposed to augment existing road network in the province of Punjab and will pave the way for launching phase-II of the project taking the motorway further to the city of Rawalpindi, said CEO of the Public Private Partnership Authority (P3A). The project is expected to be floated in the market within this financial year.
P3A is collaborating with and facilitating National Highway Authority (NHA) in the process of developing of the transaction for seeking participation of qualified private sector parties to construct and operate 70 km long 4-lane Sialkot-Kharian highway on PPP basis.
P3A & NHA collaborate on development of Sialkot-Kharian Motorway Project
February 12, 2021
ISLAMABAD, Pakistan: The Public-Private Partnerships (PPPs) in the Road Sector are an established mode of service delivery worldwide. Pakistan also has been successful in attracting significant Private Sector participation in building and operating road infrastructure on a PPP basis.
The Public-Private Partnership Authority (P3A) has the mandate to facilitate Federal Implementing Agencies (IA) in developing, structuring, and procuring their infrastructure projects on a PPP basis, and under the P3A (Amendment) Ordinance 2020, the Board of P3A is empowered to approve such ‘Qualified’ PPP projects which can demonstrate value for money to the public sector while retaining bankable financial structure for the private sector.