1. Home
  2. >

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.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020