Pakistan - Highways Rehabilitation Project [Additional Financing]

WASHINGTON, September 28, 2010 - The World Bank’s Board of Executive Directors  approved the following project:

 

IDA Credit: US$130 million equivalent 

Terms: Maturity = 40 years; Grace = 10 years

Project ID: P010556

 

Project Description: The proposed additional loan will help finance the costs associated with cost overrun to continue revitalizing and modernizing Pakistan’s highway system. The project will further create a productive and efficient highway network, lowering transportation bottlenecks and costs, particularly crucial in light of tremendous damage caused by the recent floods.  There will be no change to the ongoing project activities. The expected outcome is the sustainable delivery of a productive and efficient national highway network, contributing to lower transportation costs.

 

Contact:

Benjamin Crow

(202) 473-5105

bcrow@worldbank.org

 

For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P010556