GUYS VERY IMPORTNAT.really wud appreciate quick responses...i just heard from a close associate with inside information that the GOvt. has pledged M-2 as security amongst other assets, as SECURITY AGAINST LOAN of $ 7.5 bn..............any body having knowledge abt it????????

All BS. The govt cannot collateral M2 (Broad Money) to any loan local or foreign, unless you are talking about M2 (Pindi-Lahore Motorway). Give us your link... It doesn't even make sense to have "M2" secured against a loan. M2 is a measure of Money Supply and not an asset to be collateral against any credit.

^^thanks. I couldnt put words to my response

DODO BHAI...i am talking about M-II..MOTORWAY!!!!

lol
you should have made that clear. does the IMF take highways as collateral?

motor way isnt owned by pakistan government its owned by fuji corporation so how can pakistan government use that as collateral

if it is not owned by Pakistan..then what benefit is it to us other than speedy traffic and what was the point in claiming the TRIMUPH of buildin a MOTORWAY....how much did it affect us ECONOMICALLY.....?

you need to travel from islamabad to lahore using gt road. and then do the same thing using motorway. You wont be able to understand unless you have done so.

Bro!! you are not getting my point..i did mention ke ya speedy traffic..traffic load lesser.okies.....and better road facilities..fine..but what in terms of ECONOMICAL BENEFIT IS then this M-2 giving us if it is not owned by us.....and if it is owned by FUJI...do we need to take permissions when conducting special ops..such as the landing practice of PAF SHAHEENS?

http://www.nha.gov.pk/Projects/Ach.asp

BUILT by PAKISTANIS yet OWNED BY FUJI...............bro seriously EITHER NHA IS NUTS CLAIMING ITS CONSTRUCTION or FUJI IS JUST HALVAY KI SUJI!!!! :-)

bro u r failing to understand the thing known as public/ private partnership. now if u look at the link u provided and click on M2 u will see the contracter is DAEWOO. so wat does that mean DAEWOO is the only who constructed the motorway possible with their own funds or maybe 50-50 with government (there is no mention of who provided for it). now if DAEWOO provided funds and constructed it than DAEWOO has a limited contract with government which mite be as long as 10 years or more and over that period they will collect tolls to pay for their costs and earn profit. after that contract it will handed over to government i hope that is clear with u.

wat is the economic benifit? well i dont know how u can ask such question. there are many benifits one such benifit is easy transportation of goods throught out the country or between lahore and islamabad and than it continues to pashwar etc so that would mean effiecent logistic thus increase in economic activity which will effect many other sectors. wat im saying is just very small part of it but there is more to it.

as for PAF using the M2 well if u dont know just after u leave lahore there is strech which is specially desigined for F-16 to land on and they carry out exercise there everynow and than well during that time M2 will be closed but ill assume for certain period. now as far as i know government dont need permission for such things.

Salaam

Whenever I go to a family picnic or some type of gathering where there are a lot of uncles I always hear ridiculous stories like this. Does anyone really think that a privately owned and operated highway could be leveraged by the government??? These stories are just another ploy to try and sully the name and accomplishments of Musharraf and Aziz. Where were these stories when the real thieves Benazir and Nawaz were in office? No one ever heard such ludicrous stories then.

And it is actually a GOOD thing that Fuji corporation owns the M2. Here in the US many highways and interstates are being sold by state and local governments to private consortiums to raise funds for other more services like healthcare, education and welfare.

well according to my knowledge, a little hazy memory i would say, Pakistan never had enough funds to pay for the motorway. The contract was "you make it and own it for x years after that its ours".

The economic benefit: well you put a motorway even in thar and the economic benefit are going to be there. Infrastructure is never cheap and in short term, they all look waste. today it might not be that useful but tomorrow when the trade route will be real active with china, and other coutries in central asia, Then your present roads will not able to handle the load.

GT road has almost been maximized. GT road is 401 of pakistan and just ask the people of toronto what kind of sht load of traffic i am talking about. Today they are killing themseleves for the expansion pack for 401 and the cost or so freaking enormous. and they are saying that thi is going to be the last cheap expansion. furthur expansion is not going to be possible or so expensive that a new road will be cheaper since they gonna have to start demolishing the public/private properties, pay back for which is going to be in billions in future.

Now the same thing goes for GT road. expansion of GTR from jhelum to rawalpindi is no cheap adventure. It goes through cities. and in pakistan the development along the roads in cities is very extensive and buildings are very close to the road. expansions are simply not possible. To do that they have made bypasses. now in case of some cities they have been really lucky to have enough space that they can keep doing it again and again. example will be gujrat (maybe). now Jhelum is out of options, they have made bypasses (old gt road is a local road now), expanded the GTR but thats it. furthur expansion is only possible if they make a new road bypassing jhelum totally.

same goes for Dina (another city part of zilla jhelum) Gujar khan Suhawa and many other city on GTR. Now making an expansion on GTR will cost same or more if you just simply make a new road by passing some cities and directly linking lahore and islamabad.

Now what do you think is more benefitial:

1- expand a road that costs more, increased travelling time, rush etc., and which will needed to be expanded again a decade later with expensive expansion pack.

2- or built a new road which will cost cheaper, reduced travelling time, saves gass, and future expansion of which is relatively cheap, and rush proof, generates funds for gov. and no more 401 jams for man many years on GTR.

M-2 used to be owned by Fuji corp but last year my father bought it from them for $2.5 billion. So I'll give all PDF members one free ride for every 5 rides on it. Just tell at the toll booth, you are Umiqum's guests and proceed. Then you are on your own.

Everything you hear is unfortunately not true which is why M-2 is not owned by Fuji corp and that's why my dad couldn't buy it.

Here is the thing, the M-2 like all major infrastructure projects are contracted by the govt on either BOT (Build operate and transfer) basis or BOO (Build operate and own) basis. Most of the strategic assets such as highways, ports, railways, etc... can be contracted out to the third parties but are not owned by them.

Daewoo was the contractor to build and possibly operate the hwy to recover its cost and make profit over an agreed period of time. But Daewoo doesn't have any other right over the highway. But I even doubt that Daewoo operates it, its probably NHA who is responsible to operate it since they maintain it as well.

And back to the 1st thread, the govt can't collateral a highway to any bank be it foreign or local.

finally a satisfactory answer!!!