The Asian Development Bank said it will provide almost US$870 million of funding to improve road networks in Pakistan and Cambodia and improve capacity for cargo transport in both countries.
The bank said it would provide US$800 million of financing for road networks in the Sindh, Punjab and Khyber Pakhtunkhwa regions of Pakistan, and US$70 million for roads in the provinces of Prey Veng, Siem Reap and Svay Rieng in Cambodia.
“Pakistan’s unique geographic location – at the crossroads of Central Asia, the People’s Republic of China, and South Asia—provides a unique potential and opportunity for the country to become a regional transport and trade hub,” said Dong-Soo Pyo, director at ADB.
Investment will enhance regional connectivity and trade improve opportunities for breakbulk transport within the Greater Mekong Subregion and the Central Asia Regional Economic Cooperation corridors. Finance will be delivered in tranches over the next four years.
Photo: ADB will invest in infrastructure projects in Pakistan. Credit: ADB