Funding found for Pakistan highway revamp

Financing has been found for a major highway upgrade project for Pakistan. The Asian Development Bank (ADB) is lending US$197 million to Pakistan’s National Highway Development Project for Balochistan. The loan will be used to upgrade the Zhob-Mughal Kot and Qila Saifullah Waghum highways. At present these highways feature just two lanes, but the improvement works will see them being widened and improved, so as to increase capacity and also upgrade safety. The wider aim of the project is to help generate ec
July 8, 2014 Read time: 1 min
Financing has been found for a major highway upgrade project for Pakistan. The 943 Asian Development Bank (ADB) is lending US$197 million to Pakistan’s National Highway Development Project for Balochistan. The loan will be used to upgrade the Zhob-Mughal Kot and Qila Saifullah Waghum highways. At present these highways feature just two lanes, but the improvement works will see them being widened and improved, so as to increase capacity and also upgrade safety. The wider aim of the project is to help generate economic growth and reduce poverty in the Balochistan area.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Nepal plans road infrastructure expansion
    March 12, 2014
    Major road expansion is planned for Nepal, but will face huge challenges due to the country’s geography - Mike Woof reports, with local information from World Highways' Nepal correspondent, Ram Krishna Wagle The tiny, landlocked nation of Nepal lies sandwiched between two of the world’s largest countries, China and India and maintains good relations with both. Politically Nepal has strong links with China, while culturally its ties are close with India and these relationships work both ways. Despite bein
    Read More
  • Tender process to open for Bangladesh bridge project
    June 10, 2013
    The tender process will open shortly in Bangladesh for the construction of the new Padma Bridge project. The project is expected to be worth in the order of US$ 1.18 billion. The tender process will open on 30th June 2013 and this will be the country’s biggest infrastructure project. Meanwhile the Asian Development Bank (ADB) will supply a series of loans worth $198 million to Bangladesh, which will be used to upgrade two ports and an existing highway link. The South Asia Subregional Economic Cooperation (
    Read More
  • New Ganga River crossing for India
    June 12, 2018
    A new bridge crossing is being planned for the River Ganges in northern India. The bridge will be 9.9km long and will cost US$291 million to build, with completion scheduled for late 2021. The bridge will carry three lanes in either direction and will be built at Allahabad, the confluence of the Ganges and its tributary, the Yamuna River. At present the existing Phaphamu Bridge at Allahabad is congested as it features just two lanes. The new bridge will help to improve transport to the important religious a
    Read More
  • Sri Lanka benefiting from external highway investment
    July 16, 2013
    Key highway projects in Sri Lanka are now moving forward. Chinese investment will finance a new tolled highway in Sri Lanka. The project for the US$1.5 billion tolled highway is being handled jointly by China Merchants Hua Jian Highway Investment Company and China Merchants Holdings (International) Company. The agreement is to build and operate the highway over a 25-30 year period, and which will be constructed in four separate phases. The first phase will be from Enderamulla to Ambepussa, with the second f
    Read More

Highlighted Content