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

  • US$1.14 billion funding package for Philippines bridge project
    June 5, 2024
    A US$1.14 billion funding package has been secured for a key Philippines bridge project.
  • Major road projects needed for Uzbekistan
    July 26, 2012
    The authorities in Uzbekistan are planning for a series of major road projects in a bid to boost the country’s transport connections and freight handling capabilities. A total of 2,306km of roads will be either built or upgraded in the country by 2015. Priority projects include building 1,008km of roads in the Beyneu-Andijan area, as well as rebuilding a 100km stretch of the Tashkent-Osh road. A total of 517km of roads and 544km of viaducts are to be to be built in 2012 under the plans.
  • Nepal-India bridge project planned
    September 4, 2017
    Plans are being drawn up for a new bridge connection that will link Nepal with India. The bridge will span the Mechi River and will connect India’s Panitanki Bypass with Nepal’s East-West Highway. The project has been the subject of discussions between the two countries and is now moving forward following the successful conclusions of talks. The aim of the project is to boost trade and transport between the two nations. Construction of the 1.5km bridge link is expected to cost US$24.8 million
  • Japan agrees to help Thailand on East-West Economic corridor work
    November 17, 2014
    Japan has agreed in principle to provide financial assistance to Thailand for road construction and upgrades in connection with the East-West Economic Corridor. The corridor is based on 1,450km of highway running across four Southeast Asian countries. The idea of investing in the corridor was originally proposed during a multi-national ministerial conference in Manila, Philippines, in 1998. Much of the route had been completed by 2010, according to review document by Asian Development Bank. It also noted t