BR100 Increased By (1.02%)
BR30 Increased By (1.71%)
KSE100 Increased By (0.58%)
KSE30 Increased By (0.65%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.61 Decreased By ▼ -0.39 (-0.74%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.23 Increased By ▲ 0.03 (0.25%)
FCCL 53.80 Increased By ▲ 0.97 (1.84%)
FCSC 5.24 Increased By ▲ 0.17 (3.35%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.39 Decreased By ▼ -0.13 (-2.36%)
MLCF 87.90 Increased By ▲ 1.39 (1.61%)
NBP 186.60 Increased By ▲ 1.44 (0.78%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.19 Decreased By ▼ -0.03 (-0.11%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 233.49 Increased By ▲ 5.31 (2.33%)
PRL 34.98 Increased By ▲ 0.30 (0.87%)
PTC 67.71 Increased By ▲ 2.38 (3.64%)
SEARL 90.90 Increased By ▲ 0.77 (0.85%)
SSGC 27.20 Increased By ▲ 0.60 (2.26%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.85 Increased By ▲ 2.35 (4.02%)
TPLP 8.78 Increased By ▲ 0.56 (6.81%)
TREET 24.65 Increased By ▲ 0.12 (0.49%)
TRG 71.50 Increased By ▲ 1.79 (2.57%)
WAVES 10.01 Increased By ▲ 0.07 (0.7%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
Pakistan

ADB approves $235-million loan to upgrade section of Pakistan's national highway

  • Will expand the Shikarpur-Rajanpur section of N55 from two lanes to four-lane carriageway
Published August 20, 2021 Updated August 20, 2021 11:05am

In a bid to improve Pakistan's highway infrastructure, the Asian Development Bank (ADB) has approved a $235-million loan to further upgrade a national highway in the country and strengthen the government’s operation and maintenance framework of its national highway.

The project will expand the 222-kilometer Shikarpur–Rajanpur section of the National Highway 55 (N55) from two lanes into a four-lane carriageway. The N55 is part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 5, which links the ports of Karachi and Gwardar in southern Pakistan with national and international economic centres to the north.

The highway infrastructure is a part of efforts to improve regional connectivity. Pakistan is a member of the 11-countries CAREC Program, which aims to promote economic growth and sustainable development through regional cooperation.

Covid-19: ADB approves $500 million loan for vaccine procurement

ADB said that the $235-million loan is the second tranche of a multi-tranche financing facility designed to provide technical and financial assistance to upgrade N55 and enhance the capacity of the National Highway Authority (NHA). The first tranche of $180 million was approved in September 2017 and financed the improvement of three sections totalling 143 kilometres in Sindh and Khyber Pakhtunkhwa.

ADB, AIIB team discuss Punjab highway uplift project with P&D

“This project will increase the capacity of a busy highway section that passes through populous economic centers in Sindh and Punjab provinces,” said ADB Transport Specialist Rika Idei.

“The project addresses key road safety, climate resilience, and gender-specific needs to ensure users can travel safely, smoothly, and comfortably. This will facilitate the regional movement of goods and people, and support Pakistan’s economic recovery from COVID-19.”

Ongoing projects: Minister underscores need for expediting work

As per details, under the project, bus stops, emergency response centres, and traffic police facilities will be built. Bus stops and emergency response centres will have gender-separated facilities and rest spaces for various users, including the elderly, women, children, and persons with disabilities.

Comments

Comments are closed for this article.