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Pakistan Gets One Billion Dollars to Fund National Corridor - ASHARQ AL-AWSAT English Archive
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ISLAMABAD, Asharq Al-Awsat – The Asian Development Bank (ADB) will provide $ 1 billion to Pakistan for development of national corridor, which will cost about $2.8 billion.

This was stated by Sean O’ Sullivan, team leader of the national trade corridor investment programme of ADB during a meeting with Advisor to Prime Minister on Finance Dr. Salman Shah, according to an official statement.

He briefed Shah about the development of national corridor, which will link Karachi and Gawadar to Khunjrab.

“The ADB will provide $ 1 billion and the remaining cost will be borne by the World Bank and other financial institutions,” Sullivan said.

Shah said the commercial and industrial activities should be developed along the road and the revenue generated by the activities should contribute towards the cost of the corridor project to supplement traffic and transport generated resources.

The advisor emphasized that strategic locations be selected for revenue generating activities. He appreciated the project and stressed that the motorway to be built should be commercially viable.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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