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