ADB providing funding for Pakistan highway

Much of the funding for the completion work necessary for Pakistan’s M-4 Highway is being provided by the Asian Development Bank. This will come in the shape of a loan worth US$100 million. A further $34 million in funding is being provided through a grant from the Department for International Development (DFID) in the UK. The highway is of enormous economic importance for Pakistan and the region as it will boost trade and assist with political stabilisation of the region. The M-4Highway forms part of an
June 22, 2016 Read time: 1 min
Much of the funding for the completion work necessary for Pakistan’s M-4 Highway is being provided by the Asian Development Bank. This will come in the shape of a loan worth US$100 million. A further $34 million in funding is being provided through a grant from the Department for International Development (DFID) in the UK.

The highway is of enormous economic importance for Pakistan and the region as it will boost trade and assist with political stabilisation of the region. The M-4Highway forms part of an 1,800km route that connects the Central Asia Regional Economic Cooperation (CAREC) zone. This will link the port of Karachi with the north of Pakistan and also connect through to neighbouring Afghanistan and other Central Asian nations.
Road Structures Finance & Funding

Related Content

  • Tunnel upgrade project in Pakistan on track
    August 28, 2014
    Work on Pakistan’s Lowari Tunnel should be complete by October 2017. Completion of the construction project is dependent on sufficient funding however, according to Pakistan’s National Highway Authority (NHA). The Lowari Tunnel forms part of the Nowshera-Chitral Highway (N-45) and is being upgraded to boost both safety and capacity. So far over 4km of the 8.5km tunnel has been widened, costing close to US$93 million. Once the work is complete, this should reduce the travel time between Chitral and Peshawar
    Read More
  • Papua New Guinea is set for extensive road bridge work upgrades
    January 21, 2015
    Papua New Guinea is set to start road and bridge upgrades that could cost upwards of US$576 million. Work on bridges will be paid partly through agreements with the Australian Department of Foreign Affairs, amounting to around US$53 million, and the Asian Development Bank which is putting in nearly $32 million. The Australian Department of Foreign Affairs has also earmarked $101 million to upgrade of arterial roads to standard concrete in the port city of Lae, the capital of Morobe Province. Lae, the
    Read More
  • Thirst for Infrastructure: The Belt & Road Initiative
    November 8, 2017
    Susanna Zammataro, IRF Geneva, writes: The China Highway and Transportation Society (CHTS) – an esteemed member of IRF – will be hosting a special Session on the Belt and Road Initiative during the IRF World Meeting in Delhi, 14th-17th November 2017. Last May, president Xi Jinping welcomed 28 heads of state and government to Beijing to celebrate the “Belt and Road” initiative, an ambitious plan in terms of infrastructure development, but also in terms of foreign policy. Launched in 2013 as “One belt, On
    Read More
  • Targeted road loan for Uzbekistan
    July 8, 2020
    A targeted road loan will pay for a route upgrade in Uzbekistan.
    Read More

Highlighted Content