NEC approves Khyber Pass Economic Corridor


Bureau Report

PESHAWAR: Chief Minister Khyber Pakhtunkhwa, Mahmood Khan Sunday said the province has achieved yet another feat as Executive Committee of National Economic Council (ECNEC) has accorded approval to two very vital projects for KP including Khyber Pass Economic Corridor and Swat Motorway Phase-2.
He said the people of Khyber Pakhtunkhwa were cordially thankful to the Federal Government and Prime Minister Imran Khan for approving these two very important projects for the province. The Chief Minister said Khyber Pass Economic Corridor project will be constructed with financial support of the World Bank that would cost an estimated amount of USD 460 million.
Under this project, he said a four-lane, 48 kilometers highway would be constructed from Peshawar to Khyber Pass. The project also included establishment of Marble Industrial State and development of small and big industries of the area.
The CM was off the view that the project would help employee more than one hundred thousand people and immensely boost Pak-Afghan trade activities.