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Korea urged to invest in Pakistan
Published: November 24, 2010
ISLAMABAD (APP) - Federal Minister for Communications Arbab Alamgir on Tuesday invited Korean investors to invest in Pakistans communication infrastructure projects.
This, he said, while talking to a 16-member South Korean delegation headed by Man-Seok Chang, Deputy Minister for Land and Maritime Affairs, which met him here.
Arbab briefed the Korean delegation regarding the ongoing and future projects of the National Highway Authority (NHA). He said that the NHA was initiating a 2.9 kms long Malakand Tunnel project at the cost of US $ 105 million and hoped that the Korean companies would invest in the project.
The South Korean Deputy Minister showed keen interest in the project, saying that M/S Chunil had shown interest in the project and would soon initiate its feasibility.
Arbab Alamgir Khan told the delegation that the NHA had initiated several projects based on Public Private Partnership (PPP), including Malakand Tunnel, Lahore-Nankana-Sahib Expressway and Hassanabdal-Mansehra Expressway.
He said that this was an opportunity for South Koreans to invest in Pakistan.
The Korean Minister said that the delegation, which included officials from land transport sector, railways, water management and construction sector, were here to explore avenues of bilateral cooperation in various fields. The Korean companies were already working in Pakistan and had taken up the gigantic task of construction of the Lowari Tunnel, he added.
Arbab Alamgir Khan expressed his satisfaction over the work of the Korean construction company Sambu on Lowari Tunnel and assured the Korean delegation of assistance for timely completion of the Tunnel.
The minister apprised the delegation that the recent floods in Pakistan had severely damaged the road infrastructure causing a considerable loss of about Rs. 18.38 billion.
Around 793 Km of National Highway Network and 46 bridges were completely or partially damaged. An amount of Rs. 22.41 billion would be required for their restoration.
Man-Soek Chang expressed condolences on the loss of human lives during the recent floods in Pakistan.
He said that there were several common features among Korean and Pakistani road conditions. He emphasized inclusion of state-of-the-art technology in the roads management, and assured that Korea would help in transfer of technology to Pakistan.
Published: November 24, 2010
ISLAMABAD (APP) - Federal Minister for Communications Arbab Alamgir on Tuesday invited Korean investors to invest in Pakistans communication infrastructure projects.
This, he said, while talking to a 16-member South Korean delegation headed by Man-Seok Chang, Deputy Minister for Land and Maritime Affairs, which met him here.
Arbab briefed the Korean delegation regarding the ongoing and future projects of the National Highway Authority (NHA). He said that the NHA was initiating a 2.9 kms long Malakand Tunnel project at the cost of US $ 105 million and hoped that the Korean companies would invest in the project.
The South Korean Deputy Minister showed keen interest in the project, saying that M/S Chunil had shown interest in the project and would soon initiate its feasibility.
Arbab Alamgir Khan told the delegation that the NHA had initiated several projects based on Public Private Partnership (PPP), including Malakand Tunnel, Lahore-Nankana-Sahib Expressway and Hassanabdal-Mansehra Expressway.
He said that this was an opportunity for South Koreans to invest in Pakistan.
The Korean Minister said that the delegation, which included officials from land transport sector, railways, water management and construction sector, were here to explore avenues of bilateral cooperation in various fields. The Korean companies were already working in Pakistan and had taken up the gigantic task of construction of the Lowari Tunnel, he added.
Arbab Alamgir Khan expressed his satisfaction over the work of the Korean construction company Sambu on Lowari Tunnel and assured the Korean delegation of assistance for timely completion of the Tunnel.
The minister apprised the delegation that the recent floods in Pakistan had severely damaged the road infrastructure causing a considerable loss of about Rs. 18.38 billion.
Around 793 Km of National Highway Network and 46 bridges were completely or partially damaged. An amount of Rs. 22.41 billion would be required for their restoration.
Man-Soek Chang expressed condolences on the loss of human lives during the recent floods in Pakistan.
He said that there were several common features among Korean and Pakistani road conditions. He emphasized inclusion of state-of-the-art technology in the roads management, and assured that Korea would help in transfer of technology to Pakistan.
