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

  • Consortium constructing Netherlands contract
    October 10, 2016
    Work is now underway on a major highway contract in the Netherlands, worth a total of €220 million. The project is for the financing, design, construction, management and maintenance of the reconstruction of the A27 highway in the section between Utrecht North and the Eemnes Junction. Also included in the package is the A1 highway between the Eemnes Junction and the Bunschoten-Spakenburg interchange.
    Read More
  • Rural roads important to global development
    February 10, 2012
    Maryvonne Plessis-Fraissard highlights that the key importance of rural roads in the context of global development is only now being fully recognised, is not receiving enough attention and is facing vital new challenges
    Read More
  • Loan to help fund Tanzania road
    December 9, 2021
    A new loan will help fund a Tanzanian road project.
    Read More
  • Colombia contract for construction consortium
    December 15, 2016
    Construction work to widen the Autopista Norte highway in Colombia is being handled by the Accenorte consortium. The work involves widening a 4.2km stretch of the highway, which lies to the north of Colombia’s capital Bogota. The project is worth close to US$157 million, with the majority of the funding being delivered by the consortium partners and the remainder from a Colombian Bank. The consortium is led by Mincivil with a 57.43% stake. It also includes Universal with a 16.7% share, Castro Tcherassi with
    Read More

Highlighted Content