Govt to spend Rs520 billion by 2012 to develop NTC
The government plans to spend Rs520 billion by 2012 to develop a National Trade Corridor (NTC).
The NTC would link upper parts of the country in the North with ports in the South to reduce travel time and fuel cost by improving existing road network and introducing new highways and motorways by 2012.
The development of NTC would reduce losses and contribute to the national exchequer.
On completion of the NTC by 2012, the cargo travel time from Karachi to Peshawar would be reduced by half, and road losses to the tune of over one billion dollar per annum. The government is also upgrading 600 kms of the Karakoram Highway aided by a Chinese help.
The transport cost of trade goods would be reduced through restructuring and modernisation of railway under the NTC programme, which will contribute in terms of saving of two to 2.5 billion dollars per year.