Source: Bernama

KUALA LUMPUR, May 14 (Bernama) -- The Works Ministry through CIDB Malaysia and the National Highway Authority (NHA) of Pakistan today sealed an agreement worth US$102.6 million to build two highways in Pakistan.

The highways are namely the 29 km US$46 million Karachi Northern Bypass and the 56 km Rawalpindi Bypass and Northern Interchange estimated to cost US$56.6 million.

The projects mark the first of such partnership between the Malaysian and Pakistani governments.

Both projects will be implemented on a Built-Operate-Transfer (BOT) basis and carried out by a CIDB-led consortium consisting of HCM Engineering Bhd and Ahmad Zaki Resources Bhd, Works Minister Datuk Seri S Samy Vellu said at the signing of the Memorandum of Understanding here.

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Posted by pichu at May 14, 2007 11:47 PM