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

  • Financing secured for Serbian road project
    October 29, 2021
    Financing has been secured by Bechtel for a key Serbian road project.
  • Ukraine major highway rebuild planned
    October 7, 2019
    Rebuilding work is being planned for one of Ukraine’s major highway connections.
  • Financing secured for Kenya road upgrade
    October 9, 2019
    Financing has been secured to pay for upgrading work for the road connecting Kenol, Sagana and Marwa in Kenya. The 84km route includes a stretch of the A2 road and will be widened to dual carriageway status, with two lanes in either direction and a central divider, rather than one lane in in either direction at present. Funding is being provided by the African Development Bank (AfDB) in the shape of loans worth US$237 million. The AfdB’s loan package will pay for around 69% of the work, with the People’s Ba
  • Indian highways plan
    May 14, 2012
    Some 3,411km of highways in India’s Karnataka State will be upgraded over the next three years. The state authorities have given approval to the work, which is expected to cost up to US$420 million. Funding will be provided jointly by the World Bank and the Asian Development Bank. The authorities have set a target for the construction of 20km/day of highway by 2013 and 2014. A Traffic and Transit Management Centre will be built at Hebbal by Ramky Infrastructure.