CM launches five road projects under PPP
LAHORE: Chief Minister Punjab Maryam Nawaz Sharif on Sunday formally launch-ed five road projects under the Punjab Public-Private Partnership (PPP) Authority, handing their management and operations over to the private sector in a move expected to generate Rs 22 billion in revenue for the provincial government. The chief minister performed the digital inauguration of the projects, which include…
Punjab Chief Minister Maryam Nawaz Sharif formally launched five road projects under the Punjab Public-Private Partnership (PPP) Authority on Sunday, transferring management and operations to the private sector. The projects, which include the 80-kilometre Muridke-Narowal Road and the 97-kilometre Faisalabad Ring Road, are expected to generate Rs 22 billion in revenue for the provincial government.
Under the PPP arrangement, modern electronic toll plazas will be established on the roads, with private contractors collecting tolls for seven years and responsible for maintenance, repair, and rehabilitation. The processing time for PPP projects has been reduced from two years to six months, and four more roads are also set to be transferred to the PPP mode.
The PPP Authority is also processing projects in water and sanitation, tourism, healthcare, education, waste management, transport, and sports.
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