Islamabad: The National Highways Authority (NHA) awarded the contract for the 69-kilometre Sialkot-Kharian Motorway (M-12) project to a partnership of Frontier Works Organization (FWO) and SMC Private Limited on Tuesday, according to news sources.
The meeting was presided over by Chairman NHA Khurram Agha, and it was agreed that the Letter of Intent (LOI) will be given as soon as possible. Three construction companies submitted bids, and all three were found appropriate for the job. Following careful evaluation, the FWO and SMC joint venture was determined to be the best fit.
The project will cost PKR 27.32 billion and FWO will get PKR 1 billion subsidies from the government annually for 8 years through Viability Gap Funding (VGF).
The said (M-12) motorway will include a 60km main motorway and a 9km link expressway. It will pass through several populated areas of Gujrat including Peru Shah, Jalalpur Jattan, Gulyana, and Daulat Nagar. The project will end near Kotli Bajar where the link highway will be used to connect it to G.T Road.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
