APPROVAL DATE: June 24, 2016 SECTOR: TRANSPORT - Roads and Highways REGION: PAKISTAN
Pakistan: National Motorway M-4 Project
AIIB approved a loan of $100 million for the National Motorway M-4 (Shorkot-Khanewal Section) Project on June 24, 2016. The Project is cofinanced by the Asian Development Bank, which contributed $100 million, for a total project cost of $273 million. The Project will help achieve an efficient and safer transport corridor between Islamabad, Faisalabad, and Multan, ensuring enhanced connectivity between the various parts of Pakistan, and will help facilitate regional trade from Central Asia to the seaports of Gwadar and Karachi. The Project will construct 64 km of the four-lane, access-con-trolled national motorway M-4 connecting Shorkot and Khanewal in Punjab province. The Project comprises a road construction work component, which includes earthwork; asphalt concrete pavement, bridge construction, crossing structure (underpasses and pipe culverts), interchanges, weigh bridges, toll plaza, and service areas as well as roadside improvements, and safety engineering features. The National Highway Authority of Pakistan is the project executing agency. The project implementation period is from June 2016 to June 2020.