Govt to give Rs204bn Sukkur-Hyderabad Motorway to private sector on BOT basis
The government on Thursday decided to handover Rs204 billion worth of Sukkur-Hyderabad Motorway to the private sector to finance, build and operate it for 25 years and sought expedited mineral development through coordinated guidance to the provinces.
Under the decision, the “private party will finance construction of the project, operate it for a defined concession period and transfer it back to National Highway Authority (NHA), at no cost at the end of concession period of 25 years,” a senior government official said who attended a meeting of the board of directors of Public Private Partnership Authority (PPPA).
The Sukkur-Hyderabad Motorway M6, a project under the NHA, is estimated to cost Rs204.28bn and take 33 months to complete. The 300-km motorway project starting from Sukkur will pass through Khairpur, Naushehro Feroze, Nawab Shah, Matiari, Hala and Jamshoro and terminate at Hyderabad.