Skip to main content

Funding found for planned Pakistan project

Funding has been secured for a major highway project in Pakistan. Some US$100 million is being provided by the Asian Infrastructure Investment Bank (AIIB) for work on Pakistan’s M-4 Motorway project. The investment will take the form of co-financing for the Shorkot-Khanewal section of this major road project. AIIB is based in China and has commented that there is major potential in Pakistan for infrastructure development.
May 9, 2016 Read time: 1 min
Funding has been secured for a major highway project in Pakistan. Some US$100 million is being provided by the Asian Infrastructure Investment Bank (AIIB) for work on Pakistan’s M-4 Motorway project. The investment will take the form of co-financing for the Shorkot-Khanewal section of this major road project. AIIB is based in China and has commented that there is major potential in Pakistan for infrastructure development.

Related Content

  • Costa Rica spending on developing routes
    September 11, 2018
    The Costa Rican Government is setting out plans for a series of road repair and upgrade projects. Several key routes have been identified as being in major need of improvement works. These include roads linking the capital, San Jose, with Cartago, Limon, San Ramon and San Carlos. Some US$350 million will be used to carry out the road projects. In all the Costa Rican Government has set a budget of $4.6 billion for infrastructure works. Of this $20 million is being directed towards work on the San Carlos road
  • Vietnam’s mountain highway improvement project
    December 17, 2018
    A 198km stretch of highway in northwestern Vietnam is to be upgraded. The route forms part of the Greater Mekong Subregion (GMS) Kunming-Hi Phòng Transport Corridor. A loan worth US$188 million from the Asian Development Bank (ADB) will help pay for the work. The highway runs through a mountainous region and is important to Vietnam as it provides a connection between Hà Ni and China's Yunnan province. The work will improve the existing road connections and boost connectivity for Vietnam’s northern provinces
  • Indian expressway secures funding
    October 12, 2022
    An Indian expressway project has secured necessary funding.
  • Funding established for Egyptian highway
    May 21, 2012
    Funding is being established for the Shoubra-Banha highway project planned for Egypt. The National Bank of Egypt is bringing together a consortium of lenders that will provide the syndicated loan required. The Shoubra-Banha highway project is planned by the Egyptian Transportation Ministry. A memorandum of understanding (MoU) has been signed between the General Authority for Roads, Bridges and Land Transport and the National Bank of Egypt. Construction of the 40km stretch of highway, which will carry 125,00