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Sharif unveils major road project

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Press Trust of India Islamabad
Pakistan Prime Minister Nawaz Sharif today inaugurated a motorway as part of the USD 46 billion China Pakistan Economic Corridor (CPEC) project that passes through PoK.

The 120-km Havelian-Thakot Motorway section passes through Abbottabad and Mansehra districts of Khyber-Pakhtunkhwa.

It is part of the CPEC and will be completed in 42 months with a cost of about Rs 134 billion.

"I am putting the country on the path of progress while opposition wants to derail it," he told thousands the gathering.

The motorway announced today is major initiative to complete the CPEC at the earliest and China Exim bank will fund 90 per cent of the project.
 

Pakistan will finance the remaining 10 per cent.

The CPEC will link western China to southern part of Pakistan through a network of roads, railways and other developmental projects.

On Panama Papers controversy, Sharif said he had already tasked the Supreme Court to set up a probe commission.

Sharif's two sons and a daughter have been named in the leaked papers for alleged links offshore companies.

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First Published: Apr 28 2016 | 9:14 PM IST

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