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

  • Uganda’s new highway project revealed
    January 11, 2017
    Plans are being drawn up in Uganda for the upgrading of the Busega-Mpigi highway stretch. Funding worth US$151 million to help pay for the project is being sought from the African Development Bank (AfDB), which is being delivered in the shape of a loan. Busega lies on the eastern outskirts of capital Kampala and upgrading this 24km section of highway is necessary as it is suffers congestion at peak periods and is unable to cope with current traffic demands. Included in the work to improve this section of hi
    Read More
  • Vietnam’s authorities plan to invest in concrete roads
    April 4, 2012
    The highways authorities in Vietnam intend to increase the percentage of roads and highways built from concrete. A pilot project will see the construction of a 25km highway link connecting the Cau Gie-Ninh Binh and Hanoi-Haiphong expressways. The Department of Planning and Investment is setting out a plan for transport project development using concrete instead of asphalt. The plan will run at least until Transport. The aim behind this strategy is to increase the longevity of road surfaces.
    Read More
  • Chinese firm wins highways expansion project to decongest Nairobi
    January 5, 2017
    A Chinese contractor is carrying out a major road project intended to cut congestion in Kenyan capital Nairobi – Shem Oirere writes Chinese contractor China Wu Yi has won a US$163 million contract for the reconstruction and expansion of a 25km highway leading out of Kenya’s capital Nairobi with financing from the World Bank. The contract was awarded by the country’s National Highways Authority (KeNHA), a state-owned road agency responsible for the management, development, rehabilitation and maintenance of i
    Read More
  • ADB loan India US$275mn to boost rural connectivity
    February 13, 2014
    The Indian government has signed a pact with Asian Development Bank (ADB) for loans worth US$ 275 million, as part of its nationwide Rural Connectivity Investment Programme. The loan is the second tranche of the $800 million financing facility set aside for the project, and will be used to finance works of constructing 3,693km of rural roads in five Indian states such as West Bengal, Odisha, Madhya Pradesh, Chhattisgarh, and Assam. Further funds of $81.56 million will be financed by the government, taking t
    Read More

Highlighted Content