FWO-KP enter into an agreement worth 11 billion dollars

    Khyber Pakhtunkhwa government and Frontier Works Organization (FWO) have agreed on collaboration four separate developmental projects with a total cost of $11 billion. “The government has signed agreement with FWO for construction of CPEC city on Motorway near Swabi,” said Chief Minister KP, Pervez Khattak.

    Sharing the details of the agreement KP Chief Minister said that CPEC city project will be completed at a cost of dollar 4.4 billion, CPEC city will be constructed over an area of 80,000 kanal of land and The CPEC city would have 62,000 plots and will comprise of Education zone, five to seven star hotels, commercial zone, public building, apartments, golf course, theme park, petrol, CNG stations and sports facilities.

    This project will be designed to the highest level of modern smart cities concept with sustainability, he added. The project help generate an economic activity for more than 35 industries including cement and construction, it will also help to add more than 80,000 jobs into the economy.

    The Chief Minister said other mega project to be constructed with collaboration of FWO is Model Housing Town in Peshawar. “Peshawar Model Town will be constructed over an area of 108,500 kanal of land with a provision of 81,000 plots,” Chief Minister told newsmen. The Peshawar Model Town will be linked with G.T road and Motorway through a nine kilometer Expressway which will boost the real estate sector for the city.

    He said government has also signed an agreement with FWO for generation of 506 MW in Chitral through construction of three Hydro Power Plants.

    “This mega project of 60 million dollar equivalent to Rs. 65 billion will be a beacon for more refineries in KP and provide thousands of jobs during its one and a half year of construction besides hundreds of jobs during operation,” Chief Minister said.

    Posted on: 2017-05-22T17:55:00+05:00