Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

ADB approves $235m to upgrade highway

byCT Report
19/08/2021
in Breaking News, Islamabad, Latest News, Slider News
Share on FacebookShare on Twitter

ISLAMABAD The Asian Development Bank (ADB) has approved a $235 million loan to further upgrade a national highway in Pakistan, crucial to regional connectivity and strengthen the government’s operation and maintenance of national highways network.

The project will expand the 222-kilometer Shikarpur–Rajanpur section of the National Highway 55 (N55) from two lanes into a four-lane carriageway, according to an ADB statement received Thursday.

You might also like

Gold price jumps Rs5,700 per tola

22/08/2026

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

22/08/2026

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 centers to the north.

“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. It needs to ensure that users can travel safely, smoothly, and comfortably. This will facilitate the regional movement of goods and the people, and support Pakistan’s economic recovery from COVID-19,” Idei added.

The project will construct bus stops, emergency response centers, and traffic police facilities to ensure road safety enforcement and efficient post-crash response.

Bus stops and emergency response centers will have gender-separated facilities and rest spaces for various users, including the elderly, women, children, and persons with disabilities.

The project will also help strengthen the capacity of the National Highway Authority (NHA) by supporting a five-year training program which was prepared with assistance from the United States Agency for International Development.

The training program will cover road project operation, maintenance, design, and gender concerns and will be implemented from 2021 to 2025.

The 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 NHA. The first tranche of $180 million was approved in September 2017 and financed the improvement of three sections totaling 143 kilometers in Sindh and Khyber Pakhtunkhwa provinces.

Pakistan is a member of the CAREC Program, a partnership of 11 countries to promote economic growth and sustainable development through regional cooperation. It is supported by development partners including ADB, which serves as the secretariat for the CAREC Program.

Related Stories

Gold price jumps Rs5,700 per tola

byCT Report
22/08/2026

KARACHI: Gold prices surged in both international and domestic markets, with the price of gold rising by $57 per ounce...

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

byCT Report
22/08/2026

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal for virtual asset service providers. The move completes...

KP approves Digital Payment Act to promote cashless economy

byCT Report
22/08/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Khyber Pakhtunkhwa Promotion of Digital Payment Act 2026, aiming to promote digital...

Aurangzeb, SRF delegation, discuss investment opportunities, economic cooperation

byCT Report
22/08/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with a high-level delegation of the Silk...

Next Post

FBR clarifies it has no access or link to banking transactions

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.