Pakistan secures loans for the M4 Khanewal and Shorkot section

The China-based Asian Infrastructure Investment Bank and the Philippines-based Asian Development Bank will co-finance a 64km highway project between Khanewal and Shorkot towns in Punjab province of Pakistan. A report in Japan Today said that ADB had approved a €88.85 million loan for the project. AIIB will likely get board approval for its nearly €89 million this month. A grant for the project worth nearly €34 million is being extended by the UK’s Department of International Development. The Pakistan
June 16, 2016 Read time: 2 mins
The China-based Asian Infrastructure Investment Bank and the Philippines-based Asian Development Bank will co-finance a 64km highway project between Khanewal and Shorkot towns in Punjab province of Pakistan.

A report in Japan Today said that ADB had approved a €88.85 million loan for the project. AIIB will likely get board approval for its nearly €89 million this month. A grant for the project worth nearly €34 million is being extended by the UK’s Department of International Development.

The Pakistan government recently said it had launched formal talks with the two major Asian banks for co-financing the last section of the M4 motorway, Pakistani media reported.

An unnamed source with the government’s National Highway Authority (NHA), told the Express Tribune newspaper that cost would be around US$273 million.

Last November, the Tribune reported that Pakistani prime minister Nawaz Sharif had opened the Faisalabad-Multan section of the M-4, a 240km route.
Finance & Funding

Related Content

  • Danish-German Fehmarn Belt road and rail tunnel hits funding snag
    July 9, 2015
    A Danish newspaper has learned of a significant European Union funding gap for one of Europe’s most ambitious transportation road and rail projects. The Fehmarn Belt Fixed Link would connect the German island of Fehmarn with the Danish island of Lolland. A submersed tunnel will cross the 18km-wide Fehmarn Belt, or Fehmarn Strait, in the Baltic Sea. Last February news emerged that contractors had revamped their cost estimates, adding nearly €1.2 billion to the project. This put the final cost of the 18
    Read More
  • Ebolowa-Kribi in Cameroon’s 2025 goals
    January 20, 2025
    Emmanuel Nganou Djoumessi, Cameroon’s minister of public works, has earmarked the Ebolowa-Kribi road via Akom II among major highway projects to be completed in 2025.
    Read More
  • A key section of highway is now open in Romania
    July 26, 2012
    In Romania the northern section of the bypass around the city of Constanta is open to traffic. The bypass forms part of the Pan-European Road Corridor IV and work on this section was financed by the European Bank for reconstruction and Development (EBRD). The southern stretch of the 23km bypass was completed in 2011. Now it is complete, the bypass will carry heavy port traffic away from Constanta. It will also provide a free-flowing route for tourist traffic from Romanian capital Bucharest and the north of
    Read More
  • Pakistan’s plans for infrastructure expansion and development
    July 15, 2022
    Pakistan has major plans for infrastructure expansion and development.
    Read More

Highlighted Content