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

  • Multi-billion dollar Vietnam transport projects to be supported by ODA of Japan
    December 16, 2013
    A total of 29 transport projects costing a combined US$7.42 billion, including the Phan Thiet-Nha Trang road, will be carried out in Vietnam from 2013 until 2016, according to the country’s Ministry of Transport. Of the 29 projects, 18 projects worth $2.34 billion collectively were due to be commissioned by the end of 2013. The ministry has said that the projects are supported by the government of Japan through $6 billion of ODA funds, including around $774.59 million for 2013. The Quang Ngai-Danang and D
    Read More
  • Expanded and branded: RER Vélo bike project
    April 29, 2022
    Connected up cycling is becoming more important in France as the way to keep cyclists from giving up their COVID habit of pedalling to work and for pleasure. David Arminas reports.
    Read More
  • Guatemala targets repairs to 40% of its roads
    November 27, 2018
    Guatemala will repair around 1,800km of the country's 6,000km of roads.
    Read More
  • Guatemala seeks CABEI US$400mn loan to develop over 500kms of rural roads
    November 15, 2013
    Guatemala is to negotiate a loan of US$400 million with the Central American Bank for Economic Integration (CABEI) to develop rural roads. The loan will be on top of loans of $200 million taken from the World Bank and of $237 million taken from the IADB for the same purpose. The nation’s government says that with $150 million alone it could also build nearly 500kms of rural roads. The authorities would also like to replace some of existing bridges. Between 60 and 70 temporary bridges are earmarked to be re
    Read More

Highlighted Content