Construction of CPEC tower.
The present General Bus stand in Peshawar is located within the city which is causing traffic jams, noise and environmental pollution. It is inadequate to accommodate the present volume of public transport and lacks even the basic facilities. The provincial government has decided to construct a new General Bus Station over approximately 125 acres (506000 square meters) land in the outskirts at the junction of Northern bypass – Motorway M-1 near Chamkani. A CPEC Tower is also planned on 18 acres (73117 square meters) land in the vicinity for business activities related with CPEC. It will accommodate all the relevant stakeholders under one roof.
The scope of work for General Bus Stand will include; construction of terminal building, ticketing & waiting areas, cafeteria, shops, bus bays, MT pool, workshop, service stations, drivers rest room, parking and passenger pick & drop services. Similarly, CPEC Tower will provide facilities such as; offices for multi-national companies, customs clearance camp/agents, goods transport companies. camp office of financial attaches, courier services, banks, commercial area, food courts, residential apartments and parking floors.
The cost of project will be Pak Rs. 18.862 billions of which Rs. 13.862 will be assigned for new Bus Stand and Rs. 5.00 billion for CPEC Tower. The estimated per year average revenue of partnering organization is expected to be US$25.675 and the project payback period will be 7 years.
In investment context, the proposed project will offer quick profitable returns for the investors through levying of taxes on the public transport, allotment/leasing out spaces earmarked for cafeteria, workshop, service station/petrol pump & public parking from sale proceeds of facilities on propriety rights.
The project provides an opportunity for the donor agencies / investors for investment and to recoup the capital investment with profit. It can be executed through Public Private Partnership (BOOT/BOT) or any other mode mutually agreed by both the parties. The project is open for all the state-owned, state-supported and private entities. Skilled, semi-skilled labour, construction material and other basic utilities are available in the project area.
The government of Khyber Pakhtunkhwa will facilitate investors for interaction with relevant agencies and is committed to partner with the investor by providing all basic infrastructure in execution of project. It will provide all legal and technical assistance to the investors. The government will provide assurance of money security. Moreover, the investors friendly security situation prevails in the province.