LAHORE: Chief Minister Punjab Sardar Usman Buzdar, while chairing the fourth meeting of public-private partnership policy and monitoring board, here Saturday accorded approval for starting Rawalpindi Ring Road Project under public-private partnership (PPP) mode with a cost of Rs50 billion.

The meeting also gave in-principle approval to appoint a transaction adviser for 10 other projects and endorsed the decisions taken in the third meeting.

Secretary Board and member PPP cell Dr Farrukh Naveed briefed about PPP mode projects.

Addressing the meeting, the CM stated that every promise made with the residents of Rawalpindi would be fulfilled and hoped the ring road would solve the traffic problems besides boosting economic activities. He directed that there should be no delay in the timeline and necessary matters should be expedited adding the government would provide full support in that regard.

Copyright Business Recorder, 2020