PESHAWAR: The Joint Venture (JV) partners of the TAL Block would provide financial assistance of Rs400 million to the provincial government for repair and rehabilitation of a 40-kilometer operational road between Gurguri and Banda Daud Shah.
An MoU was signed between the government of Khyber Pakhtunkhwa and the JV partners of the TAL Block at the Chief Minister’s Secretariat here on Wednesday, said a communique.
Member National Assembly Shahid Khattak, Engineer Shahab Khattak, Secretary Communications and Works, Government of KP, and Ali Murtaza Abbas, Group Regional Vice-President for Middle East Africa & Pakistan of MOL Group, on behalf of the TAL JV, signed the MoU.
The chief minister appreciated the efforts of MOL Pakistan Oil & Gas Co B.V. as an operator of the TAL Block and thanked OGDCL, PPL, POL and GHPL for this financial assistance.
“The repair of this vital artery of TAL Block had been a demand of the local residents since long. I am glad that the TAL JV has decided to come up to assist us”. We will extend every possible support to the local and multinational oil and gas exploration and production companies operating in KP”, he added.
Ali Murtaza Abbas said he was pleased to be a part of this major operational initiative in the TAL Block, which I believe will immensely benefit the local population.
He thanked Federal Energy Minister Omar Ayub Khan and paid special thanks to the petroleum Secretary Asad Hayauddin for his interest in this project.
Gurguri – Banda Daud Shah is a 40km long road which passes through various villages of TAL
Block. This road is not only used as an alternative transit route to Afghanistan, but it also has strategic importance as far as local transit trade is concerned.
According to the MoU, TAL JV partners will provide Rs 400 million to the KP government and the Communication and Works Department of KP will take charge of the project for its earliest possible completion.