AIRLINK 211.29 Increased By ▲ 1.74 (0.83%)
BOP 10.49 Increased By ▲ 0.03 (0.29%)
CNERGY 7.29 Decreased By ▼ -0.06 (-0.82%)
FCCL 34.40 Increased By ▲ 0.01 (0.03%)
FFL 17.96 Decreased By ▼ -0.09 (-0.5%)
FLYNG 23.25 Increased By ▲ 0.33 (1.44%)
HUBC 131.52 Decreased By ▼ -0.97 (-0.73%)
HUMNL 14.25 Increased By ▲ 0.11 (0.78%)
KEL 5.10 Increased By ▲ 0.07 (1.39%)
KOSM 7.20 Increased By ▲ 0.13 (1.84%)
MLCF 45.00 Decreased By ▼ -0.20 (-0.44%)
OGDC 219.13 Increased By ▲ 0.75 (0.34%)
PACE 7.67 Increased By ▲ 0.09 (1.19%)
PAEL 42.12 Increased By ▲ 0.42 (1.01%)
PIAHCLA 17.51 Increased By ▲ 0.21 (1.21%)
PIBTL 8.70 Increased By ▲ 0.15 (1.75%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 190.15 Increased By ▲ 1.12 (0.59%)
PRL 42.18 Decreased By ▼ -0.15 (-0.35%)
PTC 25.80 Increased By ▲ 0.63 (2.5%)
SEARL 104.00 Increased By ▲ 0.04 (0.04%)
SILK 1.03 No Change ▼ 0.00 (0%)
SSGC 40.80 Increased By ▲ 1.56 (3.98%)
SYM 19.30 Increased By ▲ 0.14 (0.73%)
TELE 9.40 Increased By ▲ 0.16 (1.73%)
TPLP 12.87 Decreased By ▼ -0.23 (-1.76%)
TRG 69.86 Increased By ▲ 0.68 (0.98%)
WAVESAPP 10.70 Decreased By ▼ -0.02 (-0.19%)
WTL 1.71 No Change ▼ 0.00 (0%)
YOUW 4.20 Increased By ▲ 0.06 (1.45%)
BR100 12,197 Increased By 117.6 (0.97%)
BR30 36,915 Increased By 312.3 (0.85%)
KSE100 116,791 Increased By 738 (0.64%)
KSE30 36,814 Increased By 236.3 (0.65%)

National Highway Authority (NHA) is taking all possible measures to ensure the timely completion of the western route of China-Pakistan Economic Corridor (CPEC). This was said by the Chairman NHA, Shahid Ashraf Tarar while presiding over the Executive Board Meeting held in Islamabad on Wednesday. The Chairman informed the meeting that work on 288-km section of the western corridor from Burhan to Dera Ismail Khan would start soon. He said the project was divided into five smaller sections so that work could be completed according to the given time frame.
The meeting approved PC-1 for acquiring the land required for the project which will cost around Rs 13 billion. The Chairman said that work on certain projects of CPEC was already completed and was in progress on several other sections. He said that 335-km section of Karakoram Highway (KKH) from Khunjrab to Rai Kot was successfully completed whereas the Hazara motorway (Burhan-Havelian) would be completed by early next year. Thakot-Havelian section (120 km) will get underway very soon, he added.
The Chairman said that NHA had taken steps taken to encourage the private sector and the concept of BOT (Built-Operate-Transfer) in order to reduce load on the national exchequer and three major projects worth Rs 91 billion were awarded on BOT basis which included Karachi-Hyderabad Motorway (M-9), Habibabad Flyover and upgradation of Islamabad-Lahore Motorway (M-2).
He said NHA saved over Rs 200 billions in various projects by introducing a transparent and vigilant award of works procedure. Dr Shujat Ali, Additional Secretary (Budget), Finance Division, Muhammad Saleem Bhatti, IG, NH&MP, Malik Ahmed Khan, Member (Infrastructure), P&D Division, Nazir Ahmad, Joint Secretary, Ministry of Communications, Amna Imran Khan, Chief NTRC, Azhar Masood, NESPAK, Raja Nowsherwan, Member (Planning) NHA, Shoaib Ahmad Khan, Member (Finance) NHA and Ali Akbar Memon, Secretary NHA attended the meeting.-PR

Copyright Business Recorder, 2016

Comments

Comments are closed.