Sukkur-Hyderabad Motorway Project Delayed as Bidder Struggles to Secure Funding

ISLAMABAD: The completion of the Sukkur-Hyderabad Motorway, the last missing link of the Karachi to Peshawar motorway network, is expected to be delayed as the successful bidder has yet to demonstrate its financial capability to undertake the project.

According to details, the bidder had quoted a bid but failed to secure sufficient pledges from local banks, despite being given six months to do so.

The details further suggest that the contractor is currently in talks with a European bank to obtain the necessary funding.

However, the Member Public Private Partnership NHA, Asim Amin, has denied that there is any delay in the execution of the project, stating that the financial matters have been settled, and land acquisition is in its final stages.

The project, which involves the construction of a 306km greenfield six-lane access-controlled motorway on a build-operate-transfer basis, has been hailed as a paradigm shift in motorway construction in the country.

Furthermore, the successful bidder, M/s Techno-CMC-ACC, offered a proposal, with a lower capital viability gap funding and no operational viability gap funding, and promised to share a higher revenue share with NHA compared to the other bidder, M/s ZKB.