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

  • Chinese funding for Russian infrastructure projects?
    February 7, 2022
    Chinese funding is being sought for Russian infrastructure projects.
    Read More
  • Algeria gives go ahead for 63km Guelma-Annaba motorway
    December 11, 2014
    Work has started on Algeria’s 63km bypass motorway to connect Guelma with Annaba and the East-West motorway, which is set to be completed within two years. Algeria’s Minister for Public Works Abdelkader Kadi made the announcement, has announced the launch of work on the 63km bypass connecting Guelma with Annaba. Nearly $346 million has been set aside for the 35km part of the project within the province of Guelma. In the province of Annaba, Kadi said that work had started on another section of the mot
    Read More
  • Completion of Prague’s outer ring-road Běchovice section for 2024
    July 24, 2019
    Completion of Prague’s outer ring-road connecting the D1 motorway with Běchovice town to the north should be in 2024, a year earlier than planned. Czech prime minister Andrej Babiš made the announcement, saying the 2025 date set by the Czech Highway Authority was too far off, according to local media. The national Czech News Agency reported that the 12.5km section will cost around €365 million. Transport minister Vladimíra Kremlík said that the state will have to acquire land from up to 500 land ow
    Read More
  • Romania set to start Sebes-Turda motorwa construction
    November 7, 2014
    Construction of the proposed Sebes-Turda motorway will start by the end of November, according to Eugen Cecan, director of Romania’s Regional Administration for Roads and Bridges. Cecan made the announcement in Cluj, the second most populous city in Romania after the capital Bucharest and considered the unofficial capital to the historic province of Transylvania. Cost of the 70km project is around US$500.34 million (€400 million), with 85% coming from the European Union as grants and the central gover
    Read More

Highlighted Content