Faisalabad: A meeting of the public-private partnership (PPP) policy and monitoring board on Tuesday, approved a proposal to establish a weaving city in Faisalabad, a news source reported. The project will be developed under PPP orientation, and is expected to cost PKR 4.50 billion to the national exchequer. Additionally, the session decided that upon the project’s conclusion, the Faisalabad power loom industry would also be shifted to the newly established weaving city.
Line departments have been issued orders to take the necessary steps to implement a zero-rating tax for the project, as with all PPP mode projects. The secretary of the board Dr Farrukh Naveed revealed that various projects worth a total of PKR 389 billion were also in the pipeline under PPP.
Chief Minister Punjab Sardar Usman Buzdar presided over the meeting and gave his approval for various other mega projects. This included the setting up of combined effluent plants in Quaid-e-Azam Industrial Estate and Sundar Industrial Estate, at a cost of PKR 6 billion. He also approved of the installation of one million water meters in the province worth PKR 10 billion. The Leh Expressway is also going to follow public private partnership mode for the construction.
Furthermore, various road projects were also approved including the Southern Loop-III project of Lahore Ring Road, dualization of Chiniot-Pindi Bhattian Road, and the repair of Mianwali-Muzaffargarh Road, Gujrat-Jalalpur Jattan Road and Faisalabad-Chiniot-Sargodha Road. Schemes related to Lilla Interchange to Jhelum Road, Depalpur-Okara Road, Tirinda Pannah Muhammad Din-KLM-Head Punjnad Road, Multan-Vehari Road, Samundari-Jhang Road and Shakargarh-Zafarwal Road were also approved.
