Peshawar
Government of KPK on Wednesday signed Concession Agreement to execute the Swat Motorway Phase-II on ground.
A concession agreement is a contract that gives a company the right to operate a specific business within a government’s jurisdiction or on another firm’s property, subject to particular terms.
According to details, agreement signing ceremony was held here on Wednesday with Chief Minister Khyber Pakhtunkhwa Mahmood Khan as a chief guest wherein high ups of PKHA and the concerned construction company signed the concession agreement. Advisor to CM on Communications & Works Riaz Khan, Chief Secretary Dr. Shehzad Bangash, and other concerned high ups attended the ceremony.
80 Km long Swat Motorway Phase-II will be constructed on Public Private Partnership mode at a total cost of Rs. 37 billion.
Speaking on the occasion, chief minister Mahmood Khan termed the Swat Motorway as a flagship project for the sustainable development of the area and said that this project on completion would boost tourism and trade activities besides providing quality transportation facilities to the people and create employment opportunities for the locals. The chief minister said that land acquisition for Swat Motorway Phase-II was underway and very soon the ground breaking of the project would be performed.
Mahmood Khan added that the incumbent provincial government was working on various projects of motorways to interconnect all the districts of the province and boost trade activities in Khyber Pakhtunkhwa. The chief minister said that expression of interest for the construction of Dir Motorway had also been floated adding that the said project on completion would usher in a new era of development and prosperity besides providing quality transportation facility to the people of Dir, Chitral and Bajaur.
