AIRLINK 195.67 Decreased By ▼ -1.88 (-0.95%)
BOP 10.60 Increased By ▲ 0.33 (3.21%)
CNERGY 7.15 Increased By ▲ 0.20 (2.88%)
FCCL 35.01 Increased By ▲ 0.59 (1.71%)
FFL 17.65 Decreased By ▼ -0.01 (-0.06%)
FLYNG 25.35 Increased By ▲ 0.75 (3.05%)
HUBC 127.80 Increased By ▲ 0.07 (0.05%)
HUMNL 13.84 Increased By ▲ 0.01 (0.07%)
KEL 4.89 Increased By ▲ 0.01 (0.2%)
KOSM 6.82 Increased By ▲ 0.13 (1.94%)
MLCF 44.57 Increased By ▲ 0.42 (0.95%)
OGDC 223.75 Decreased By ▼ -1.16 (-0.52%)
PACE 7.58 Increased By ▲ 0.08 (1.07%)
PAEL 42.75 Decreased By ▼ -0.11 (-0.26%)
PIAHCLA 17.50 Increased By ▲ 0.28 (1.63%)
PIBTL 8.63 Increased By ▲ 0.09 (1.05%)
POWER 9.15 Increased By ▲ 0.03 (0.33%)
PPL 193.84 Decreased By ▼ -0.46 (-0.24%)
PRL 41.00 Increased By ▲ 2.24 (5.78%)
PTC 24.76 Increased By ▲ 0.42 (1.73%)
SEARL 102.20 Increased By ▲ 2.33 (2.33%)
SILK 1.00 No Change ▼ 0.00 (0%)
SSGC 44.90 Increased By ▲ 1.14 (2.61%)
SYM 18.86 Increased By ▲ 0.28 (1.51%)
TELE 9.29 Increased By ▲ 0.17 (1.86%)
TPLP 12.95 Decreased By ▼ -0.01 (-0.08%)
TRG 65.47 Increased By ▲ 1.37 (2.14%)
WAVESAPP 10.55 Increased By ▲ 0.18 (1.74%)
WTL 1.77 Decreased By ▼ -0.01 (-0.56%)
YOUW 4.08 Increased By ▲ 0.06 (1.49%)
BR100 12,020 Increased By 52.1 (0.44%)
BR30 36,792 Increased By 108.2 (0.29%)
KSE100 114,650 Increased By 419.9 (0.37%)
KSE30 36,051 Increased By 66.8 (0.19%)

KARACHI: Sindh government will construct Mauripur Expressway and ICI interchange under public private partnership (PPP) mode to facilitate the traffic to and from Hakwsbay coastal area of the city.

The project has been announced in the Sindh budget for financial year 2021-22, which envisaged construction of an expressway 8 km 2x2 lane linking Mauripur Road and Lyari Expressway to the beach areas by an alternate route through the back waters.

The construction of this corridor will resolve the traffic pressure in the city as the proposed expressway will also have its connectivity with Lyari Expressway.

Furthermore, another segment of this project involves construction of interchange (1 km 2 lane one way) at ICI Bridge. This segment will relieve severe traffic congestion that arises at peak hours on Jinnah Bridge.

The construction period for this segment shall be one year and investor solicitation for both of said projects is currently in process and the concession agreements will be executed during the FY 2021-22 along with commencement of construction works.

It is worth-mentioning that Local Government Department and Housing Town Planning of Sindh has already invited bids from the bidders for the project.

The request for proposal (RFP) has already been issued on June 15 June 2021 and pre-bid meeting is scheduled for July 02.

The construction of Mauripur Expressway and interchange at Jinnah bridges is part of Sindh government’s Karachi Urban Road Initiative and the provincial government engaged external consultants through Local Government Department and has completed feasibility study as well as transaction structuring of Urban Road Initiative.

Copyright Business Recorder, 2021

Comments

Comments are closed.