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

  • Japanese funding for Vietnam link
    April 19, 2012
    The Japanese SE Group is working on a new road project in Vietnam. The 25km highway is costing some US$476 million to construct, with some 60% of the funding coming from the JBIC Bank and SE Group providing around 20%. The rest of the funding will be provided by official development assistant capital. This new road will provide a link from the city of Halong in Vietnam's Quang Ninh province to the Hanoi-Haiphong highway project.
  • Chinese contractor wins major Nigerian road project
    November 11, 2013
    A road construction contract worth US$1.07 billion has been awarded to China Railway Construction in Nigeria. The Ministry of Delta Affairs of Nigeria awarded the package of works for Section V of the A121 East-West highway to China Civil Engineering Construction, a division of China Railway Construction. The work is expected to take five years to complete and includes design as well as construction. When it is complete, the A121 will connect Nigeria’s two main North-South highways. Its route runs from the
  • Uganda-Kenya road link finds funds
    May 3, 2017
    Funding for improvements to a major road connection between Kenya and Uganda will be provided by the African Development Bank (AfDB). In all US$253 of financing will be provided for the road improvement work to the 118km stretch of road. The Kenyan side of the project will receive funding worth $147 million while the Ugandan side will receive $106 million. This will pay for close to 90% of the costs associated with the project, with the remainder being paid for by the Kenyan Government and the Ugandan Gover
  • Changing policy for Europe’s road funding?
    August 27, 2013
    The 2011 EC White Paper on Transport acknowledges that transport is the backbone of Europe’s economy, directly employing 10 million people and accounting for approximately 5% of EU GDP. In addition, it recognises that ‘infrastructure shapes mobility’ and that ‘curbing mobility is not an option’. Given the importance policymakers place on the ability to move people and goods seamlessly across Europe, it becomes rather hard to explain why they have neglected for so long the main ‘vehicle’ for mobility acro