The Project envisaged overlay and modernization of 357 km long 6-lane
access controlled toll road connecting Lahore and Islamabad cities on BOT basis at a cost of US$ 460 million. Private party was required to
finance the project costs from its own resources, operate the Project fora defined concession period and transfer the Project back to National
Highway Authority (NHA) at no cost at the end of concession period. The Project’s concession period is 20 years (including 2.5 years construction
and 6 months financial close period) and NHA expects to earn US$ 2 billion from the Project over its concession period. The Project was awarded in
April 2014 and currently it is in operations phase.