Manila, Nov 24: The Asian Development Bank (ADB) said today it has approved about 187 million dollars in loans and grants to Pakistan for a road repair project that supports reconstruction in neighbouring Afghanistan. The project will improve and widen 247 kilometers of the national highway from Kalat to Wuetta and between Quetta and Chamman, forming part of the central Asia-Afghanistan-Pakistan transport corridor through Baluchistan, Pakistan's poorest province. A new cross-border facility into Afghanistan will be built at Chamman, an ADB statement said. "This is ADB's first road project in Pakistan that supports regional cooperation through physical improvements and capacity building," said Hans Carlsson, an ADB project specialist.

"It recognizes that Pakistan -- and Baluchistan, in particular -- are geographically well-placed to play an increasing role in regional cooperation, linking landlocked Afghanistan and central and South Asia more closely."
ADB will meet almost 70 percent of the 267.3 million-dollar project through a 185.7 million-dollar ordinary loan that matures in 25 years.

The package also includes a one million-dollar technical assistance soft loan, plus a technical assistance grant of 500,000 dollars.


Bureau Report