ADB to give $300m loan for roads

Published November 21, 2004

MANILA, Nov 20: The Asian Development Bank (ADB) has approved a loan package worth 301.2 million dollars to improve road connections from Pakistan's Afghan border to the southern ports of Karachi, it said on Saturday.

The project will improve access to the ports and the Pakistani market for landlocked Afghanistan and the republics of Central Asia, the ADB said in a statement from its headquarters here.

"With stability returning to Afghanistan and growing bilateral trade with Pakistan, the road corridor to be improved under the project will bring significant opportunities for North West Frontier Province," ADB transport specialist Hasan Masood was quoted as saying.

The project will upgrade 212 kilometres of provincial highways and about 700 kilometres of rural access roads.

About 310 kilometres of national highways, including new access to Afghanistan, and infrastructure at two border points will be built or improved.

The ADB noted that the closest ports to Afghanistan and most of the Central Asian republics are the existing facilities in Karachi and the port under construction at nearby Gwadar. Most traffic from the region uses the national highways to access the ports.-AFP

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...