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Tuesday, August 9, 2011

MOL, OGDCL provide soft loan of Rs 700m

Source Pakistan Observer

Managing Director MOL Pakistan, Erno Liptak said that OGDCL and MOL have provided Rs.700 million soft loan to the National Highway Authority (NHA) for the early completion of new Khushal Garh Bridge.

Talking to media, he said that the joint venture partners were glad that the dream for a new Khushal Garh bridge on the River Indus would become a reality in the near future, said a press release issued here.

He said each infrastructure project not only creates new jobs, but also opens up new opportunities for economic development.

“The new bridge will provide quicker and easier access for the people traveling between Khyber Pakhtunkhwa and Punjab through Kohat Road on one hand and on the other it will help further enhance oil and gas exploration activities in the area.” He said that they are glad to be a part of this project of significant economic and strategic importance for Pakistan.

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