Pakistan

MANSEHRA (Staff Report) – Prime Minister Nawaz Sharif on Thursday inaugurated the Havelian-Thakot Motorway section in Mansehra and surveyed various planned development projects.


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The 120-kilometre section of the motorway, part of China Pakistan Economic Corridor (CPEC), is expected to be complete in 42 months with a cost of Rs133.98 billion.

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China Exim bank will fund 90 per cent of the project, while the remainder will be funded by Pakistan.

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The stretch of motorway from Havelia passes through Abbottabad, Mansehra and Shinkiari, ending at Thakot.

The inauguration ceremony comes as the government on Wednesday approved a Budget Strategy Paper for the next fiscal year with a target to spend Rs1.497 trillion on development.