Emerging Pakistan

World Bank to invest $460m in road from Peshawar, Pakistan to Afghan border





After marked improvement in the security situation, the World Bank has decided to invest $460 million to build a new road from Peshawar to Afghanistan border aimed at bolstering trade between the two nations and creating job opportunities in war-torn federally administered tribal areas (FATA).

The board of directors of the World Bank is likely to approve the $460-million loan next month for Peshawar-Torkham Expressway Corridor project, according to World Bank documents. The total cost of the project is nearly $483 million and the remaining amount will be arranged by Pakistan from its own resources.
The major component of the loan, $383.6 million, will be given for the construction of the road that will have a total cost of $403 million. Another amount of $72 million will be sanctioned for the development of marble and horticulture sectors in FATA. Pakistan plans to build a new four-lane road from Peshawar to Torkham border, as the existing two-lane road cannot be modernised due to various constraints.


Source of the news: https://tribune.com.pk/story/1714445/2-world-bank-invest-460m-road-peshawar-afghan-border/



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