Financial close for Hyderabad-Sukkur Motorway extended for 4 months

The contractors of Hyderabad-Sukkur Motorway (M-6) have secured an extension for achieving financial close which was supposed to be achieved by June 1, 2023. After getting a 4-month extension, now the company, Techno-CMC-ACC will achieve it by September 30, 2023.
The Executive Board of the National Highways Authority (NHA) approved the extension for the construction of the Hyderabad-Sukkur Motorway (M-6) project to be built on a Build-Operate-Transfer (BOT) basis, reports said.
The authority and Techno-CMC-ACC consortium—the contractor—signed the concession agreement for the construction of the M-6 project which is the largest Public-Private Partnership project costing Rs307 billion.
The Public Private Partnership (P3A) Authority Board had approved the agreement for the construction of the M-6 project with a total cost of Rs307 billion. Pakistan is supposed to contribute Rs9.5 billion while the rest of Rs297.5 billion will be secured by the company.
This 6-lane motorway having a length of 306 kilometers will be operated by the company for a period of 25 years and will link with the north-south (Peshawar-Karachi) motorway network.