ISLAMABAD  – The Malaysian construction firm, Binapuri Holdings, will upgrade the Karachi-Hyderabad Highway to a motorway at the cost of Rs 24.93 billion on Build-Operate-Transfer (BOT) basis in three years.

The NHA signed a concession agreement with the Malaysian company in January for the upgradation  of four-lane Karachi-Hyderabad Super Highway to a six-lane motorway. The contractor is bound to achieve financial close within six  months of signing the agreement.    The 136-kilometer motorway will have seven interchanges, two service areas and sixteen toll plazas. The NHA in 2011 had advertised for an open competition among the interested parties for the construction of the motorway. Several companies, including NLC, BINAPURI Holding Malaysia, EOBI, SAMBO, CRBC China and a Turkish construction company submitted their proposals.

After detailed financial and technical evaluation, the proposal of M/s Binapuri Holding was accepted and the NHA Executive Board awarded  the contract to the company on BOT basis with concessionaire period of 28 years, including three-year construction period. The Karachi-Hyderabad Highway is the most vibrant highway in the country with around 23,000 vehicles using it every day. The Binapuri has a good track record and it has constructed three major highways in India, including Vijayawada-Eluru Expressway, Tada-Nellore Expressway in Andhra Pradesh and Chittorgarh-Mangalwar Highway in Rajasthan.