NHA attracts Rs 101 bn BOT projects in one year: Economic Survey

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ISLAMABAD, Jun 2 (APP):National Highway Authority(NHA), through its dedicated efforts in the last one year, took a lead in the roads infrastructure development through the private sector participation, said Economic Survey 2015-16 released here Thursday.
“NHA successfully attracted private sector investment and has awarded four major projects worth Rs 101 billion, which is more than the average annual foreign direct investment,”the economic survey said.
Islamabad-Lahore Motorway (M-2), Hyderabad-Karachi Motorway (M-9) and Habibabad Flyover near Pattoki are typical examples of Public Private Partnership projects given to parties on Build Operate and Transfer Basis. M-2 is 357 km six-lane motorway to be completed at total cost of Rs 46,007 billion and its likely to be completed in January next year.
The economic survey further said that 136 km M-9 would cost Rs 44,251 million and will be completed by December 2017.Habibaabad Flyover has been constructed on Grand Trunk Road on BOT basis.
As per economic survey 80 km Multan-Muzaffargarh- D.G. Khan to be built on BOT basis will cost Rs 9,345 million.Concession negotiations are underway and construction is expected to start this month.He said that PPP projects at procurement stage include improvement and widening of N-5 from M-2/N-5 junction to Taxila underpass.
He said that 20-KM section widening would also include 6-lane flyover at Tarnol railway crossing. He said that 53-KM Pindi Bhattian-Faisalabad Motorway (M-3) would be converted into six-lane motorway and pre-qualification applications are under evaluation stage.
About 95-KM Sialkot-Lahore Motorway, he said that its bid is at evaluation stage.He said that PPP projects at preparation stage include 296-KM Hyderabad-Sukker section of Karachi-Lahore Motorway (KLM), 35-KM Tarnol-Fateh Jang section of Islamabad-Kohat Highway (N-80) to be converted into four-lane divided highway.Conversion of Nowshehra-Peshawer section of N-5 into 6-lane divided expressway and two service areas on Kabul River on Peshawar-Islamabad Motorway (M-1) are also at preparation stage, he added.
He said that PPP reforms issue will be taken up with the government in order to boost the private sector investment in the development of road sector across the country.
In order to ensure smooth and efficient movement of goods and passengers in healthy environment, NHA has planned to develop approximately 2,395 km long China-Pak Economic Corridor (CPEC) connecting Gwadar to Kashghar (China) and Karachi-Lahore Motorway (KLM) 6-lane controlled access,said the economic survey.
NHA through its roads network also aims to ensure reduction in transportation cost, safety in mobility, effective connectivity between rural and urban areas and also high capacity transportation corridors connecting major regional trading partners.
Under its new initiatives NHA is also in preparation stage of bid awards on PPP/BOT mode of Hyderabad-Sukkur Motorway (PKM),Tarnol-FatehJang (N-80) Nowshera-Peshawar (N-5),two Service Areas at River Kabul on M-1 & two Service Areas on M-4 and Sialkot-Lahore Motorway.