Shorkot-Khanewal portion: Asian lenders to co-finance section of M4

Published: May 28, 2016
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ADB, AIIB had signed an agreement in Germany in May this year. PHOTO: AFP

ADB, AIIB had signed an agreement in Germany in May this year. PHOTO: AFP

ISLAMABAD: The Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) and the Pakistan government have launched formal talks on co-financing the last section of the M4 (the Motorway) between Shorkot and Khanewal in Punjab at an estimated cost of $273 million.

An official of the National Highway Authority (NHA), who spoke with The Express Tribune on condition of anonymity, said that the initial meeting between ADB and AIIB representatives and officials of NHA and Economic Affairs Division (EAD) was held recently.

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The China-backed AIIB and ADB had signed an agreement in Germany for co-financing the 64-kilometer-long highway in May this year.

The official said that ADB and AIIB officials had formally suggested about co-financing the project to the EAD and NHA.

Currently, the proposal is with the EAD and its board of governance after reviewing it will officially sign an agreement with both the banks, he said.

Meanwhile, Director Public Relations of NHA Kashif Zaman told The Express Tribune that the estimated PC-1 cost (Engineer’s estimate) of this section was Rs28 billion, adding that negotiations were currently being held between NHA and ADB and AIIB.

 

M4 motorway: PM inaugurates Gojra-Shorkot section

He said that the Faisalabad-Multan section of the Motorway (M-4) was 240-km-long and divided into five sections. Three of its sections — Faisalabad-Pindi Bhattian (53km), Faisalabad-Gojra (58km) and Khanewal-Multan (55.6 km) — have already been completed and opened for traffic, he said.

Zaman said that the section between Gojra-Shorkot (62km) was under construction and the prime minister had laid its foundation stone in November last year. “It is expected to be completed by November 2017.”

“The ADB and AIIB have expressed their willingness to jointly finance the remaining section of M-4 that is between Shorkot and Khanewal,” he said.

“This section is divided into two packages to ensure quality and timely completion,” he said.

Published in The Express Tribune, May 28th, 2016.

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Reader Comments (5)

  • Adil Khan
    May 28, 2016 - 10:44AM

    I think I know what most people living in areas between Gojra and Khanewal need, and it isn’t a highway. For that, they would need cars and jeeps. Walking, cycling and pillion riding just won’t cut it. Beyond that, they need proper food and water, medicines, electricity, education for their children…… a six lane motorway is pretty low in their list. Obviously, for the governing elite, it’s the other way round. Recommend

  • Iqbal Tahir
    May 28, 2016 - 1:39PM

    It should complete as soon as possible.Recommend

  • May 28, 2016 - 2:23PM

    Road connectivity is very important. But citizen of Pakistan also needs eduction, health. secrity.Recommend

  • sterry
    May 28, 2016 - 8:28PM

    @Adil Khan: With proper infrastructure, not only will people of this area develop but the whole country. Try to understand that economic and infrastructure improvement through CPEC will transform Pakistan on every level. Recommend

  • Arshad
    May 28, 2016 - 8:55PM

    Its should be completed very fast and very important project as there is a huge traffic flow on this route,Good road infrastructure is a back bone of every country.Whole industry and economic growth depends on good road infrastructure.Recommend

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