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.
Road Structures Finance & Funding

Related Content

  • Funding secured for Nepal highway connection
    October 11, 2018
    A funding package has been secured that will help pay for a key road project in Nepal. The Asian Development Bank (ADB) is providing a loan worth US$180 million that will be used to help pay for widening work to an 87km stretch of the East-West Highway between Kamala and Kanchanpur. At present the route has just one lane in either direction but the upgrade will see the route being widened in a bid to boost capacity and safety, with two lanes in either direction. The project is being managed by the Nepalese
    Read More
  • Pakistan plans road rebuilds
    February 29, 2012
    The Pakistan Highway Rehabilitation Project is now moving forward in a programme that will see repairs and improvements to key sections of the country's road network.
    Read More
  • South Korean consortium picks up Kazakhstan highway deal
    July 14, 2016
    A South Korean consortium is in line for a US$75 million loan from the Asian Infrastructure Investment Bank (AIIB) for a project in Kazakhstan. The $900 million project around the city of Almaty will see development of a 66km highway with eight intersections and 21 bridges, according to a report in the Korea Herald. The consortium consists of Korea Expressway and SK Engineering and Construction (SK E&C), noted a report by the Korean news agency Pulse. Other banks that will provide loans to the cons
    Read More
  • XCMG machines working on Pakistan road project
    March 7, 2018
    XCMG has supplied a large fleet of construction machines for use on the construction of the Karachi-Lahore Highway in Pakistan.
    Read More

Highlighted Content