Bina Puri Holdings signs Karachi-Hyderabad PPP project in Pakistan
Date
January 27, 2012
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The National Highways Authority (NHA) awarded the Rs24.93 billion (US$2.8 billion) Karachi - Hyderabad Motorway (M-9) project to a Malaysian construction company, M/s Binapuri Holdings on Monday January 16th.
The company will complete the project under a Build Operate-Transfer (BOT) contract in a period of three years, according to the agreement signed with NHA.
The project consist of the upgrade of 136km four-lane Karachi-Hyderabad Super Highway to a six-lane Motorway. It will have 7 interchanges, 2 service areas and 16 toll plazas.
The NHA has already used the BOT contract in the Lak Pass Tunnel in Balochistan and Islamabad-Lahore Motorway (M-2) through an agreement also with Binapuri Holdings.
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