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

  • South African road maintenance works
    December 9, 2021
    Road maintenance works are planned in South Africa’s Eastern Cape.
  • Kenya highway project financing resolution
    May 17, 2018
    Construction work on Kenya’s vital Mombasa-Nairobi highway upgrade project is now going ahead as planned. A resolution has been achieved that will solve the funding issues that had threatened to delay the project. The project will cost nearly US$3 billion in all and is crucial for the country’s economic development as it will provide a new four lane highway connecting Kenya’s capital, Nairobi, with its largest port at Mombasa. But there were concerns that the funding method based on a series of loans that w
  • World Bank's board of directors’ US$ 450mn loan to boost Ukraine roads quality
    October 3, 2012
    The World Bank's board of directors has approved a decision to loan Ukraine US$450 million to finance a project improving the condition and quality of the country’s roads and national road safety. A key element of the project is major repairs to the Kiev - Kharkov highway section between Lubny and Poltava. The World Bank previously provided a $ 400 million loan for earlier stages of the road improvement and highway safety project, which began in 2009.
  • Italian highway projects advancing
    December 17, 2012
    Two key highway projects in Italy are exhibiting good progress at present. Construction work on the new Brescia-Milan highway link is now more than 50% complete. The bridges crossing the Serio, Adda and Oglio rivers are 84% complete, while the underpasses and drainage is 49% ready. Service stations, surveying and foundation work is 40% complete while the remaining operations are progressing. Italian road construction firm Brebemi believes that the highway be will be complete and open to traffic by 31 Decemb