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

  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • Sri Lanka's road rebuilding
    May 29, 2012
    A loan from the Philippines-based Asian Development Bank (ADB) will help Sri Lanka rebuild roads damaged by its civil war. The US$154.4 million credit facility will be put toward projects such as repairing or replacing bridges and around 140km of provincial roads that were damaged in the north of Sri Lanka, where the civil war was most intense.
    Read More
  • Loan for Nepal highway project
    December 6, 2016
    A new highway project in Nepal will benefit from a loan provided by the Asian Development Bank (ADB). The loan is worth nearly US$187 million. It will be used to help upgrade the country’s East-West Highway. In addition, the loan will will also be used to improve other key sections of Nepal’s road network. Key stretches of the 45km Bhairahawa-Taulihawa road as well as the 115km Narayanghat-Butwal road will be upgraded. Separate funding from the ADB will pay for technical assistance to Nepal’s Department of
    Read More
  • Major new road and bridge projects underway in India
    December 22, 2016
    A series of major road and bridge projects is now underway in India. One of the most notable is the US$500 million project to build a new bridge spanning the River Ganges, which will be the longest in the country. Financing for the 9.8km bridge has been provided in the shape of a loan from the Asian Development Bank (ADB). The new link will be located close to Patna and is spanning both channels of the Ganges at this point and it features a cable-stayed design. The new bridge is required as the original str
    Read More

Highlighted Content