Islamabad: On Friday, the board of the Public-Private Partnership Authority (P3A) accepted the bid documents for the historic Sukkur-Hyderabad Motorway Project, which will be built under a Public-Private Partnership (PPP) model at a cost of roughly Rs. 191 billion (US$1.23 billion).

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Asad Umar, Minister of Planning, Development, and Special Initiatives (MoPD&SI), presided over the board meeting held here. The P3A Board previously approved a commercial feasibility study and altered the Sukkur Hyderabad Motorway transaction structure.

The project will be floated in the market when the Board approves the bid materials, and bidders will be given ample time to prepare. On a Build-Operate-Transfer (BOT) basis, the project comprises the building of a 306 km green-field 6-lane access controlled toll road.

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Following financial close, the project is projected to be finished in 30 months. The project’s concession tenure will last for 25 years. To cover the project’s life-cycle expenses and earn an appropriate rate of return on investment, the private sector will be allowed tolling and other ancillary development rights.

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