Pakistan plans key highway upgrade

Pakistan’s Government has unveiled plans to upgrade the highway connecting Islamabad with Lahore. The M-2 highway is one of the most important road links in Pakistan and is seen as crucial for its national transportation network. The upgrade plan will include new service area as well as traffic control systems to optimise flow along the route. Pakistan’s National Highway Authority (NHA) agreed the deal for the project with Frontier Works Organisation (FWO). Under the terms of the deal, FWO is paying an init
Finance & Funding / December 18, 2014
Pakistan’s Government has unveiled plans to upgrade the highway connecting Islamabad with Lahore. The M-2 highway is one of the most important road links in Pakistan and is seen as crucial for its national transportation network. The upgrade plan will include new service area as well as traffic control systems to optimise flow along the route. Pakistan’s National Highway Authority (NHA) agreed the deal for the project with Frontier Works Organisation (FWO). Under the terms of the deal, FWO is paying an initial sum of US$94.53 million to the NHA, with the subsequent payment from FWO to NHA reaching $2.05 billion. The project will require an estimated 36 months.
catfish1