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

  • Vietnam costs the first section of the Bien Hoa-Vung Tau highway
    January 9, 2015
    The cost of the first section of Vietnam’s Bien Hoa-Vung Tau highway, a 47km stretch in the Southern Key Economic Zone, will be around US$355 million. Vietnam’s transport ministry said the total cost of the entire 70km motorway will come in at $1.03 billion. The government considers the zone to be the country’s engine of growth, accounting for 60% of Vietnam’s industrial production by value and 70% of export revenue. The zone consists of eight localities - Ho Chi Minh City (formerly called Saigon), Bi
    Read More
  • Bosnia gets €750 million loan for Corridor 5C motorway
    March 1, 2018
    Bosnia has signed a European loan agreement worth €750 million for several sections of work on the Corridor 5V motorway project. Denis Zvizdic, head of government for Bosnia and Herzegovina, said the deal was signed in London during a recent investment conference on the western Balkans. Of the loan amount, the Federation of Bosnia and Herzegovina will get €500 million and the internal but autonomous Republika Srpska will receive €250 million. The money will be used for constructing four 70km sections of
    Read More
  • Czech D35 section deal for Mott MacDonald
    April 23, 2024
    PricewaterhouseCoopers, Mott MacDonald, White & Case and SIEBERT + TALAŠ are part of the winning consortium for the Mohelnice-Opatovec stretch.
    Read More
  • Key Cambodian construction contract for road repairs
    August 15, 2014
    The Cambodian Government is benefiting from several financial packages aimed at improving the country’s road network. The Asian Development Bank (ADB) is providing a financial support package worth a total of US$118 million that will be used for the Rural Roads Improvement Project II in the country. The package comprises funds from several sources, with a grant worth $5.4 million from the Nordic Development Fund (NDF) and another grant worth $6.67 million from the Australian Government of Australia. It incl
    Read More

Highlighted Content