Govt agrees to bridge funding gap of Rs175bln project
Business
April 22, 2021
ISLAMABAD: The government on Wednesday agreed to bridge the funding gap of an estimated Rs175 billion worth of Sukkur-Hyderabad motorway project ensilaged under public-private partnership mode.
Public Private Partnership Authority (PPPA) took the decision during a meeting presided over by Minister for Planning, Development and Special Initiatives Asad Umar.
âWe authorised the viability gap fund and transaction structure for the Sukkur-Hyderabad motorway project,â Umar wrote on Twitter.
Sukkur-Hyderabad Motorway (M-6), , a critical component of China-funded economic corridor, is expected to be 306 kilometers long, six-lane wide, access-controlled motorway, which starts from the end of M-9 that connects Hyderabad to Karachi via the 136km long 6-lane motorway and ends at the beginning of 392km long and 6-lane Sukkur-Multan Motorway (M-5).