The 147th meeting held by the PIEDMC’s Board of Directors under the chairmanship of Syed Nabeel Hashmi, approved giving additional charge of CEO and the proceedings of the last board meeting to Ali Moazzam Syed, stated a press release issued on Thursday.
The expansion plan of Sundar Industrial Estate and the construction of Medical Trauma Center was also approved during the meeting. The board consented to abolish non-utilization fees for commercial plots in all industrial estates managed by the PIEDMC and also decided upon an incentive package for investors to promote colonization.
It was decided that water charges policy would be applied in all industrial estates and a litigation committee would be formed to sort out legal matters. During the meeting, it was decided that a contract would be signed with Sui Northern Gas Company for the supply of RLNG in Quaid-e-Azam Business Park. The Board of Directors also agreed on making arrangements with the NHA to construct and interchange on the motorway to facilitate easy access to QABP.
An incentive and installment package for industrialists interested in purchasing plots sized 25 acres or more in QABP was also approved by the Board of Directors.
Chairman Syed Nabeel Hashmi directed the management to speed up the development works related to PIEDMC’s industrial estates, specifically Quaid e Azam Business Park (QABP) and to resolve issues related to security and customer services urgently.
Earlier this week, PIEDMC had decided to supply electricity to all the industrial states that fall under its management to facilitate its industrialists and benefit from the open market. Following the instructions of PIEDMC Chairman Syed Nabil Hashmi an application was moved to National Electric Power Regulatory Authority (NEPRA) for obtaining a distribution license.
After it obtains the license from NEPRA, PIEDMC itself would supply electricity to Sundar, Quaid-e-Azam, Sheikhupura, Rahim Yar Khan, Multan, Bahawalpur, Vehari and Bhalwal industrial estates. Uninterrupted power supply would be made possible with the best transmission system to the industrial sector.
Syed Nabeel Hashmi said that non-supply of utilities in today’s industrial age is unfortunate for the industrial sector. He asked NEPRA to address the undue delay in supplying power to industrial estates as soon as possible.
PIEDMC’s QABP is all set to get its own interchange
Located near Sheikhupura, PIEDMC’s landmark project Quaid e Azam Business Park (QABP) is all set to receive its own interchange connecting it with Motorway M-2. This modern industrial estate enjoys the status of a special economic zone (SEZ) and is said to have the capacity to generate two hundred and fifty thousand new jobs for skilled and unskilled workers. Apart from being an SEZ, its strategic location, size and facilities are additional attractions for local and foreign investors
While, QABP is located right on the M-2, it did not have a link road connecting it with the M-2 Motorway. A dedicated interchange at Monosaranwala will be constructed which will provide direct access to QABP to both Lahore and Islamabad. M-2 is one of the first motorways in Pakistan, which connected Lahore with Islamabad and was opened for traffic in 1997.
Travelling from Lahore to Islamabad, this new Monosaranwala interchange would be located before the Sheikhupura interchange. The link road would probably be 1 to 1.5 kilometers, directly connecting the industrial estate with the motorway. This would allow heavy industrial traffic from Lahore and Rawalpindi to take the direct route to the industrial estate and will connect Quaid-e-Azam Business Park with national and international markets. National Highway Authority (NHA) is the custodian of M-2 and FWO as a concessionary is managing works and logistics.
The complete details of these projects have been submitted to the Punjab Government. The inauguration was expected in December but got delayed due to the second wave of the pandemic. Now it is anticipated that the project would be launched in February 2021.
Once the inauguration takes place, the construction work would kickstart and it is expected that the interchange and the link road will be completed in six months. The budget for this specific interchange is Rs1.5 billion which PIEDMC is funding using its own revenue.