ISLAMABAD, (Pakistan Point News - APP - 15th Augst,2016) : Recarpeting and renovation work of Islamabad-Lahore Motorway (M-2) has been nearly completed. Talking to APP here Monday an official of National Highway Authority (NHA) said that the recarpeting work of the M-2 was almost completed. It is worth mentioning that total cost of the project would Rs. 30.935 billion which includes renovation of toll plazas, weigh stations workshops as well and the total length of the M-2 being recarpeted is 714 kms.
The official of NHA said the expenditures incurred on re- carpeting of the M-2 was made from the revenue generated through toll tax,therefore no expenditure is made from the other development heads of the NHA. Renovation and overlay work on the M-2 had started in January last year by M/s MORE (FWO),the Build-Operate-Transfer (BOT) concessionaire of the project. The M-2 was handed over to FWO on December 15,2104 for operation and maintenance for the next 20 years.
Signing ceremony of the BOT agreement between the NHA and the Frontier Works Organization (FWO) for redesigning and beautification of Lahore- Islamabad Motorway (M-2) was held in April 2014. He said that the overlaying, fencing,beautification of the road would make travel along it all the more a wonderful experience. He said that the government was not seeking any loans from abroad for the construction of the road. On the contrary,the FWO would pay an amount of Rs 206 billion to the government of Pakistan over the agreement period, besides looking after the road.