New Deadline Announced for Completion of Major Motorway Project
The National Highway Authority has set 2028 as the new completion deadline for the Sukkur-Hyderabad Motorway.
This update was shared with the Economic Affairs Committee of the National Assembly, where NHA officials reported that a general procurement notice has been issued, and negotiations for joint financing are ongoing with the OPEC Fund and the Saudi Fund for Development.
Officials said that construction work will begin once contract awards and funding agreements are finalized.
During the briefing, committee members raised questions about the loan secured from the Islamic Development Bank to help fund the project.
Lawmakers expressed concern over the interest rate, which has climbed above 6 percent, and the long repayment schedule. NHA representatives explained that the loan terms were set by the bank and include a 20-year repayment period with a five-year grace period.
The Economic Affairs Committee has requested regular updates from the NHA as the project advances toward construction and completion.