Islamabad: Chairman National Highway Authority Syed Muhammad Ali Gardezi presided over meeting of NHA Executive Board today which accorded approval to award of contract of construction of Hyderabad Karachi Motorway (M-9) to Malaysian Construction Company M/s BINAPURI Holding, on BOT basis with concessionaire period of 28 years. Existing 4-Lane Karachi-Hyderabad Super Highway will be upgraded into 6-Lane Motorway.
NHA had advertised for open competition amongst the interested parties for construction of the motorway. Several companies including NLC, BINAPURI Holding Malaysia, EOBI, SAMBO, CRBC China and one Turkish Construction Company submitted their proposals. After detailed financial and technical evaluation, proposal of M/s BINAPURI Holding was accepted.
On this occasion Syed Muhammad Ali Gardezi said proposed Karachi-Hyderabad Motorway will be built on BOT basis, costing Rs.24.93 billion. 136 Km long Motorway will be completed in three (03) years.
7xInterchanges, 2xService Areas and 16xToll Plazas will also be constructed. He said construction work on this project is likely to start during the next month. He told the Board members that heavy amounts are required for construction of Motorways and NHA is endeavouring to reduce financial load on national exchequer.
To this effect foreign investment in NHA projects is being encouraged and construction of M-9 on BOT basis is a practical step towards such activities. He said, there are vast opportunities of foreign investment in Highway Projects and we are trying to involve foreign construction companies in this construction process.
Rana Asad Amin Special Secretary Finance Division, Muneer Ahmed Anjum Chief T and C Planning Commission, Abdul Basit Khan Senior Joint Secretary Ministry of Communications, Bashir Ahmed Chief NTRC, Vice President NESPAK Qazi Iftikhar Ahmed, Wajid Ali Khan IG NH and MP, Shoaib Ahmed Khan Member Finance NHA, Sabir Hassan Member (Planning) and Ch. Khalid Naseem Secretary NHA participated the meeting.
For more information, contact:
National Highway Authority
Muhammad Ali Gardezi
NHA HQ, 27, Mauve Area, G-9/1,