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

A turbulent 2023
Updated 12 May, 2024

A turbulent 2023

Govt must ensure judiciary's independence, respect for democratic processes, and protection for all citizens against abuse of power.
A moral victory
12 May, 2024

A moral victory

AS the UN General Assembly overwhelmingly voted on Friday in favour of granting Palestine greater rights at the...
Hope after defeat
12 May, 2024

Hope after defeat

ON Saturday, having fallen behind Japan in the first quarter of the Sultan Azlan Shah Cup final, Pakistan showed...
Taxing pensions
Updated 11 May, 2024

Taxing pensions

Tax reforms have failed to deliver because of distortions created by the FBR bureaucracy through SROs, apparently for personal gains.
Orwellian slide
11 May, 2024

Orwellian slide

IN recent years, Pakistan has made several attempts at introducing an overarching mechanism through which to check...
Terror against girls
11 May, 2024

Terror against girls

ONCE again, the ogre of terrorism is seeking the sacrifice of schoolgirls. On Wednesday, just days after the...