Government allocates Rs92bn for Sukkur-Hyderabad motorway
ISLAMABAD: The government approved Rs 92 billion for the M-6 Motorway, also known as Sukkur-Hyderabad motorway. The Prime Minister announced the project on his visit to Sukkur and termed it the biggest development project for Sindh.
As per reports, the Public-Private Partnership Authority (PPPA) on Wednesday gave approval for the transaction structure and viability gap fund for the motorway which is estimated to cost around Rs200 billion.
According to the details, the M-6 motorway project will be part of the larger eastern wing of the China-Pakistan Economic Corridor (CPEC).
Previously, the federal government delayed the approval for the project due to issues of financing. In the original plan, the financing cost was borne through private sector funding while it has now allocated Rs76 billion from the budget.
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