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

  • Foreign financing to fund Nepalese tunnel
    May 22, 2014
    Foreign financing will help fund Nepal’s Kathmandu-Kulekhani-Hetaudi Tunnel Highway project. The 58km highway is expected to cost some US$375 million in all and Nepal Purbadhar Bikash Company (NPBCL) plans to raise some $273.5 million of this from foreign investors. This move comes after it NPBCL to secure funding from local investors for the project. Part of this new plan will include NPBCL lowering equity contribution from the general public and promoters to 20% from the previous 50%. NPBCL seeks to have
  • Nepal's upgraded links
    May 25, 2012
    The Indian Government is providing assistance for road construction work in neighbouring Nepal. This assistance is for building the Kulekhani – Kathmandu road section, which will be widened and upgraded with an asphalt surface. The road will be widened to 7.5m and the work is being carried out by Indian Contractor Golden Goods. Meanwhile asphalt surfacing work is has now been completed on Nepal’s Hetauda-Bhimphedi-Kulekhani-Pharphing-Chaimale road Section. Surfacing work is in hand on the remaining 21km sec
  • Chinese funding for Bolivia roads
    October 14, 2015
    Bolivia is looking to source funding for two major highway projects from China. This development could follow discussions between Bolivia's vice-president Alvaro Garcia Linera and Chinese funding bodies being held during his trip to China. The highways in focus are the links from Porvenir to Chive and from Chive to Ixiamas. The 151km Porvenir to Chive highway is expected to cost around US$385 million to construct. The 254km Chive to Ixiamas highway meanwhile is expected to cost $600 million. Should Chinese
  • Major Europe-Asia bridge connection in Turkey
    July 1, 2014
    The 3rd Bosporus Bridge and the Northern Marmara Motorway will improve transport links between Europe and Asia and cut chronic congestion in Istanbul, Turkey’s largest city - Mike Woof reports Work is now well underway on the 3rd Bosporus Bridge and the Northern Marmara Motorway, providing a new link for Turkish city Istanbul and the region as a whole. This enormous bridge and highway project is breaking several records for Turkey in terms of scale, as well as setting a number of international records for e