The KP government is reviewing a Rs. 5.3 billion bridge financing plan to ensure the timely completion of the Peshawar Northern Bypass. The bypass, spanning over 30 kilometers, is a key part of the Peshawar Ring Road.
The project has faced delays for 17 years due to irregular funding from the federal Public Sector Development Programme and other challenges. Officials say more than Rs. 5 billion is now required to complete the final stages of construction.
Despite the urgent funding needs, the bypass received only Rs. 500 million in the current fiscal year. This shortfall has raised concerns about further delays and potential cost increases in the provincial capital.
Bridge Financing Proposal
Muzzammil Aslam, adviser to the KP chief minister on finance, said the provincial government is reviewing a plan to provide over Rs. 5 billion from its own resources. The proposal would work as bridge financing, allowing the KP government to fund the project now and recover the money later.
The funds would be extended as a loan to the National Highway Authority (NHA). Chief Minister Mohammad Sohail Afridi has supported the plan to ensure timely completion of the bypass. Officials said a long-pending meeting is expected to finalize the decision soon.
Project Costs and Importance
The Peshawar Northern Bypass project cost has surged from Rs. 3 billion initially to Rs. 27 billion over 17 years. The increase is mainly due to insufficient federal funding and long delays.
Completion of the bypass is critical for improving traffic flow around Peshawar. It will also enhance regional connectivity and support economic activity. KP authorities stress that timely financing is essential to prevent further delays and additional cost escalation.
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The proposed bridge financing plan is seen as a major step toward finally completing the long-delayed bypass. It reflects the KP government’s commitment to improving infrastructure and addressing urban traffic challenges.
