ISLAMABAD: The National Highway Authority (NHA) has initiated the process to build the Khyber Pass Economic Corridor (KPEC) by opening bids for two lots of its component, called the Khyber Torkham Expressway, a 48 km-long highway.

The project was initially planned to be launched in 2017. It could not progress due to multiple reasons, but now a total of 10 companies are involved in bidding.

According to the NHA, a joint venture of ZKB-AZVIRT remained shared the lowest for Lot-1 by submitting a Rs135.17 billion bid, while ZGCC-Matracon submitted the second-lowest bid of Rs143.29 billion. Similarly, ZGCC-Matracon remained successful for Lot-2 by offering a bid of Rs79.03 billion, while ZKB-AZVIRT submitted the second-lowest bid of Rs85.69 billion.

“The (KPEC) project aims to construct 48km long 4-lane, dual carriageway high-speed access controlled........

© Dawn Business