FIDEMC to construct Sahianwala-Chiniot Expressway, Two 40MW grid satations in M3 SEZ
Faisalabad Industrial Estate Development and Management Company (FIEDMC) will build Faisalabad Expressway road from Sahianwala to Chiniot to provide transportation facility up to Economic Zone. FIEDMC has allocated Rs.2.5 billion for the development projects of Allama Iqbal Industrial City, which also includes two new 40-megawatt grid stations. Moreover, safe city project will be launched on the premises of Faisalabad Industrial Estate. Chinese enterprises, earlier, announced 5 billion dollars' investment for the Pakistani SEZs in the next three years, among which Faisalabad Industrial Estate would be a significant beneficiary.
FAISALABAD: Faisalabad Industrial Estate Development and Management Company (FIEDMC) has allocated Rs.2.5 billion for the development projects of M-3 Industrial City.
A spokesman of the FIEDMC said that FIEDMC Board during its meeting has decided to construct a road like Faisalabad Express Way from Sahianwala to Chiniot Road in order to provide easy transportation facility up to Economic Zone established under the aegis of FIEDMC in Faisalabad.
He said that two new grid station having capacity of 40-megawatt each will also be established in M-3 industrial City in addition to launching safe city project in this area.
Chinese companies are willing to invest 5 billion dollars in special economic zones established under CPEC project and Faisalabad Industrial Estate will also succeed to attract huge investment for its industrial city during next 3-5 years, he added.
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