Asad Umar, Federal Minister for Planning, Development, and Special Initiatives presided over a board meeting where the approval on Sukkur Hyderabad Motorway was given. The Sukkur Hyderabad Motorway project’s P3A Board had earlier approved a commercial feasibility study and changed the transaction structure.
According to a ministry statement, after the Board approves the bid documents, the project will be put on the market and the bidders will have enough time to prepare their proposals. The project entails the construction of a 306 km green-field 6-lane access controlled toll road on a Build-Operate-Transfer (BOT) basis.
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The project is expected to be completed in 30 months following financial close. The concession period of the project is spread over 25 years. The Board also approved the Public-Private Partnership Working Party (P3WP) Regulations, 2021.
The Deputy Chairman Planning Commission, Secretary MoPD&SI, a nominee of Secretary Finance Division, Secretary Communications, Member Private Sector Development, Chairman NHA, CEO, P3A, and two private members of the Board, Huma Ejaz Zaman and Akbar Ayub Khan attended the meeting.