Private investment: ‘NHA has attracted Rs101b in one year’
The present government aims to put road infrastructure commensurate with requirement of the country
ISLAMABAD:
The National Highway Authority (NHA) has attracted private sector investment worth Rs101 billion within a period of one year, according to NHA.
The present government aims to put road infrastructure commensurate with requirement of the country as well as the region, added the official. “The country needs to upgrade its road infrastructure in the next five to seven years,” he added.
The government wants to double the road density till 2025 and achieving this goal is only possible with the support of the private sector, whereas fiscal budget allocations alone would be sufficient to meet 50% of the set targets.
The rest has to come from the off-budget financing through Public-Private-Partnership (PPP) projects, said the NHA official.
Published in The Express Tribune, June 30th, 2016.
The National Highway Authority (NHA) has attracted private sector investment worth Rs101 billion within a period of one year, according to NHA.
The present government aims to put road infrastructure commensurate with requirement of the country as well as the region, added the official. “The country needs to upgrade its road infrastructure in the next five to seven years,” he added.
The government wants to double the road density till 2025 and achieving this goal is only possible with the support of the private sector, whereas fiscal budget allocations alone would be sufficient to meet 50% of the set targets.
The rest has to come from the off-budget financing through Public-Private-Partnership (PPP) projects, said the NHA official.
Published in The Express Tribune, June 30th, 2016.