Lahore: The Punjab government has decided to complete five mega projects on a public-private partnership (3P) model, news sources reported on June 15. The five mega projects will be partially funded by the government, while the remaining funds will be raised by private firms.
Reportedly, the government has decided to develop five mega projects in 3P model to save revenue for other projects proposed in the budget. The five projects that have been set to become part of the model are:
PKR 18.5 billion worth Faisalabad-Chiniot-Sargodha Road dualisation project
It is worth noting that the Punjab government has presented a budget for the fiscal year 2022-23 (FY-23) on June 14. The social sector has claimed 40% of the ADP, which is 22% more than the previous year’s PKR 560 billion. For FY 2022-23, at least 24% of the ADP has been set aside for infrastructure development, 6% for manufacturing, and 2% for the services sector, with the remaining 28% set aside for various programmes and special projects.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
