KP govt, China sign Rs60 billion worth MoUs

KPK China MoU News

PESHAWAR: Khyber Pakhtunkhwa (KP) government and the Chinese authorities
have signed MoU of five projects costing up to Rs60 billion on the first day of KP Road Show
in Beijing.

Five projects were related to CPEC Tower, construction of new bus terminal at
Chamkani, Ring Road missing link, Health City at Regi Model Town, Commercial
and Residential Reconstruction Center.

Secretary Local Government, Jamal Shah signed the MoUs from KP Government
side while KP Chief Minister, Pervez Khattak, Provincial Minister for Local Government,
Inayatullah and Director General Peshawar Development Authority (PDA), Salim Watto
were also present on the occasion.

These projects will be jointly executed by Peshawar Development Authority and Chinese companies.

According to break-up of five projects, the cost of construction of missing link of
Ring Road will cost up to Rs. 12 billion.

Construction of new general bus stand at Chamkani will costs up to Rs. 10 billion.
Whereas, construction of CPEC Tower at existing bus terminal will cost Rs. Five billion.

The construction of Health City at Regi Model Township is estimated to cost up Rs. 22 billion.
While the initial estimate over construction of Commercial and Residential Reconstruction Center
is estimated around Rs. 11 billion.

The PC:1 of all these projects are completed and soon Chinese authorities will visit Pakistan
for giving final shape to execution process, observed DG PDA, Salim Watto.

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