In April 2014, MORE was incorporated as a private limited company as per Security and Exchange Commission of Pakistan (SECP) regulations. MORE, a Special Purpose Vehicle Company (SPVC) has its registered office in Rawalpindi, Punjab. MORE is a wholly-owned subsidiary of FWO. “The company is formed for the purpose of overlay and modernization of Motorway M-2. The Project was awarded to MORE by NHA in the year 2014 under the PPP regime on BOT basis. The company has entered into a Concession Agreement with NHA for a concession period of 20 years i.e upto April 2034.