The development of China Pakistan Economic Corridor (CPEC) is in full swing as the different road and infrastructure projects worth Rs 700 billion are underway under the supervision of the National Highway Authority (NHA).
According to the Pakistan Economic Survey for 2018-19, there are numerous infrastructure projects going on in different parts of the country.
Some of the 17 short-term projects under the umbrella of Eastern Alignment Projects have been completed whereas the remaining will be finalized by 2023. In addition, there are 6 medium-term projects under Western Alignment Projects, all of which will be completed by 2023. Three long-term projects are also planned under the CPEC.
CPEC complements Pakistan’s economic growth and socio-economic development and it forms a significant part of the Chinese concept of developing the Silk Road Economic Belt and the 21st century Maritime Silk route. Through CPEC, Pakistan is using its geostrategic location for a geo-economic advantage. With projects like CPEC, the region promises to be a future economic hub.
CPEC is the flagship and most actively implemented project of Belt & Road Initiative (BRI) where Pakistan and China have successfully launched 22 projects, costing more than $28.5 billion.
NHA Different Projects
NHA’s 12,743 km long road network comprises of 47 national highways, motorways, expressways, and strategic roads.
Its existing portfolio consists of 38 ongoing projects with an allocation of Rs 176 billion in PSDP 2018- 19. Out of this, Rs 66 billion is the Foreign Exchange Component (FEC) and Rs 109 billion is the local component. There are also 8 new schemes in PSDP with a total estimated cost of Rs 8.561 billion.
NHA has already completed four segments of Pakistan Motorway Network i.e. Peshawar-Islamabad Motorway (M-1), Islamabad-Lahore Motorway (M-2), Lahore-Abdul Hakeern Motorway (M-3) and Pindi Bhattian-Gojra Section and Khanewal-Multan Sections of Motorway (M-4) on a virgin corridor bringing remote areas on mainline to boost economic activities.
NHA is currently working on the construction of the remaining section of M-4 from Gojra to Khanewal. Work on Karachi-Hyderabad Motorway (M-9) on BOT basis is also substantially completed.
NHA Plans Projects of Rs 210 Billion With Private Sector
NHA has also planned projects on a Public-Private-Partnership basis – worth Rs 210 billion – which are to be started in the near future.
NHA has taken a lead in road infrastructure development through private sector participation. It has successfully attracted private sector investment, awarding five projects worth over Rs 90 billion.