Skip to main content

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.

For more information on companies in this article

Related Content

  • Indonesia’s Trans-Sumatra highway inches ahead
    March 11, 2015
    Indonesia will form a consortium of state enterprises to build all the 2,700km of the Trans-Sumatra toll highway, from Lampung to Aceh on the island of Sumatra. The finance department is also setting up special infrastructure banks to provide flexible loans for the state departments to fund the project, Indonesian media reported. Indonesia recently changed the law that had the state infrastructure company PT Hutama Karya as the only organisation allowed to build major projects. Other state enterprises can n
  • New road projects planned for Odisha, India
    February 10, 2014
    The Asian Development Bank (ADB) intends to supply financial assistance worth US$154.8 million for 484 new road projects in the state of Odisha, India. The routes will extend for a total of 1,790.4km, targeting 14 districts affected by tropical cyclone Phailin in late 2013 and which suffered flooding. The state had previously requested funding from the central government to improve 3,076,62km of roads.
  • Chinese Harbor Engineering closes in on Dhaka-Sylhet road deal
    September 21, 2016
    The Bangladeshi government is expected to award the Dhaka-Sylhet road contract to Chinese Harbor Engineering. The 226km project will cost around US$1.6 billion and turn the road into a four-lane highway, according to a report by the Dhaka Tribune newspaper. Chinese Harbor Engineering is also expected to win the $2.8 billion construction contract for Marine Drive Expressway. The newspaper said that the government has been asking China to provide financial assistance for 18 projects costing more than
  • Funding for Uganda highway project
    November 12, 2018
    Funding has been sourced in the shape of a loan for a key highway project in Uganda. The project is for the upgrading of the 95m route between Kampala and Jinja and a loan of US$229.5 million is being provided. The loan is being provided by the African Development Bank (AfDB). In all however the project is expected to cost $1.5 billion. The expressway is an important route for Uganda and will for part of the route connecting the country with Kenya, running through its capital Nairobi to its port of Mombasa.