Islamabad: According to media reports, the Board of Investment (BoI) submitted the first two phases of the Sialkot-Kharian-Rawalpindi Motorway project to the United Nations Development Programme (UNDP) on Wednesday (September 29) at the Sustainable Development Goal (SDG) Investment Fair for international investors.
According to BoI Secretary Fareena Mazhar, the project will aid in better project planning, idea exchange, and refinement of investment proposals, as well as more investment agreements.
The first two sections of the Sialkot-Kharian-Rawalpindi Motorway project, which will be funded by the National Highway Authority (NHA), were presented at the meeting.
Furthermore, the project will reduce migration pressure on large cities by creating thousands of jobs in 40 construction-related companies.
Furthermore, the Secretary of the Board of Investment revealed that the Sialkot-Kharian Motorway project will be extended to Rawalpindi in the following phase. This initiative is expected to save corporate costs and boost commercial transportation connectivity, according to reports.
The project’s entire length will be 115 kilometres, according to further data regarding the second phase. To this end, a design and commercial feasibility study is being carried out, and funding is being sought through competitive bidding.
It will be an extension of the four-lane Sialkot-Kharian Motorway, according to reports. The Lahore-Sialkot-Kharian-Rawalpindi Motorway network would be completed with the completion of the Kharian-Rawalpindi section. The aforementioned project will link SME centres for increased productivity and job prospects.