PESHAWAR: Chief Minister Khyber Pakhtunkhwa (KP) Mahmood Khan has said that the Executive Committee of National Economic Council (ECNEC) has approved two vital projects — Khyber Pass Economic Corridor and Swat Motorway Phase-2.
According to a statement issued today (Sunday), the provincial minister said that Khyber Pakhtunkhwa has achieved yet another milestone in this regard.
Commenting on the Khyber Pass Economic Corridor project, Mahmood Khan said that the project will be constructed with the financial support of the World Bank and would cost an estimated $460 million.
He further said, “A four-lane, 48 kilometer-long highway would be constructed from Peshawar to Khyber Pass under this project.” According to the plan, the project also includes the establishment of Marble Industrial State and the development of small and big industries of the area.
“The project will generate employment for more than one hundred thousand people. It will also boost Pak-Afghan trade activities,” he added.
Referring to the Swat Motorway project, the KP CM said that a four-lane, 80 kilometer-long motorway will be constructed from Chakdara to Fateh Pur under this project. “The project will benefit the people of Malakand and also the people across the country,” he remarked.
He also pointed out that during the ongoing economic crisis, the projects will provide a boost to tourism, trade, and industrial activities in the province.
“The people of Khyber Pakhtunkhwa are thankful to the federal government and Prime Minister Imran Khan for approving these two major projects for the province,” he concluded.