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Govt agrees to bridge funding gap of Rs175bln project


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.
“We authorised the viability gap fund and transaction structure for the Sukkur-Hyderabad motorway project,” 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). ....

Andhra Pradesh , Tando Adam , Asad Umar , Naushehro Feroze , Public Private Partnership Authority , Committee Of The National Economic Council , Private Partnership Authority , Special Initiatives Asad , Hyderabad Motorway , Sukkur Multan Motorway , State Bank , National Highway Authority , Executive Committee , National Economic Council , China Pakistan Economic Corridor , ஆந்திரா பிரதேஷ் , அசாத் உமர் , பொது ப்ரைவேட் கூட்டு அதிகாரம் , குழு ஆஃப் தி தேசிய பொருளாதார சபை , ப்ரைவேட் கூட்டு அதிகாரம் , சிறப்பு முயற்சிகள் அசாத் , ஹைதராபாத் மோட்டார் பாதை , சுக்கூற் முல்தான் மோட்டார் பாதை , நிலை வங்கி , தேசிய நெடுஞ்சாலை அதிகாரம் , நிர்வாகி குழு ,