ECC Approves PKR 9.5bn Guarantee For Hyderabad-Sukkur Motorway
For Sindh Development projects The Economic Coordination Committee ECC approves PKR 9.5bn guarantee for Hyderabad-Sukkur Motorway. The committee gives off the green light for the construction of the much-longed Hyderabad-Sukkur Motorway. With the official approval of a government guarantee worth PKR 9.5 billion this project. This significant decision was made during a crucial meeting of the ECC on June 5, 2023, chaired by none other than the esteemed Finance Minister, Ishaq Dar.
Project Insight
The Hyderabad-Sukkur Motorway is set to be a game-changer for the province of Sindh, connecting the bustling cities of Hyderabad and Sukkur through a 298-kilometer-long stretch of modern highway. Spearheaded by the National Highway Authority (NHA) in collaboration with the TECMC consortium comprising Pakistani and Chinese companies. This ambitious project aims to bolster regional connectivity and foster economic growth.
Economic Benefits
The ECC’s approval of the government guarantee is a monumental milestone for the Hyderabad-Sukkur Motorway, signaling the project’s readiness to attract commercial lenders and secure its financial future. With this crucial assurance, investors can be confident in the government’s commitment to the project’s successful completion. Moreover, this guarantee paves the way for the creation of over 10,000 jobs during the construction phase, providing a much-needed boost to the country’s employment landscape.
Why Project Approval
This approval is a testament to the government’s dedication to transforming the nation’s infrastructure landscape. By investing in crucial projects like the Hyderabad-Sukkur Motorway, the government is setting a precedent for long-term economic development and prosperity. The successful completion of this motorway will undoubtedly unlock the full potential of the region, benefiting both local communities and businesses alike.
Impact of the Project
One complete, the Hyderabad-Sukkur Motorway is slate to be a lifeline for trade and transportation. Seamlessly linking the cities of Hyderabad and Sukkur and easing the movement of goods and services across the province. This enhanced connectivity is expected to stimulate commercial activities and attract further investments, creating a ripple effect of economic growth throughout the region.
Completion Deadline
The ECC’s forward-thinking decision to approve the government guarantee has garnered praise from industry experts and the public alike. As Pakistan moves steadfastly towards 2025, the year earmarked for the project’s completion. This motorway will undoubtedly serve as a symbol of progress and national development.
Conclusion
In conclusion, the ECC’s approval of the PKR 9.5 billion government guarantee for the Hyderabad-Sukkur Motorway. Is a momentous occasion for Pakistan’s infrastructure sector. With this financial assurance in place. The project is poise for success and will undoubtedly play a crucial role in shaping the nation’s economic landscape. As construction commences and the motorway begins to take shape. Pakistan can look forward to a brighter future, driven by enhanced connectivity, job creation, and a more prosperous society.