LAHORE:A kick-off meeting with fact finding mission comprising team of Asian Development Bank and Asian Infrastructure Investment Bank (AIIB) for “Punjab Sustainable Highway Development Project” was held with Planning & Development Board Chairman Abdullah Khan Sumbal in the chair here at P&D Board on Monday.
The objective of the meeting was to initiate discussion on project impact, outcomes, outputs (scope), estimated cost, financing and implementation arrangement, and terms and conditions of the proposed loan.
The project involved construction of approximately 535 Km of dual carriageway highway section between various cities in the Punjab province; and rehabilitation of the existing carriageway as well as new construction of a second carriageway within the Right of Way available and acquired where needed.
P&D Chairman said that the project would improve transportation system through up-gradation and dualization of highway network. “Enhancing road sector is a top priority of the government and by focusing on this sector, we will get better edge with global competitiveness in this sector. It has been prioritized most diligently and purposefully,” he added.
Abdullah Khan Sumbal mentioned that four roads project would serve different corridors of urban areas.
P&D Board Secretary Imran Sikandar Baloch, Jiangbo Ning – Team Lead ADB, Woo-Hyun Kwon, Senior Transport Specialist AIIB, and other senior representatives from P&D Board, C&W, ADB, AIIB and other attended the meeting.