CAREC Corridor Development Investment Program, Tranche 1
The project proposed for financing is building an additional 2-lane carriageway of 66 kilometers (km) along the existing 2-lane carriageway of Petaro–Sehwan road; an additional 2-lane carriageway of 43 km along the existing 2-lane carriageway of Ratodero–Shikarpur road; rehabilitating the existing 34-km 4-lane carriageway of Dara Adamkhel–Peshawar road; and developing the capacity of the National Highway Authority (NHA) through due diligence advisory services and assistance with project implementation.
In 2013, the CAREC transport corridors were extended to Pakistan to provide Afghanistan, Central Asia, and the People’s Republic of China (PRC) with connection to the ports of Gwadar and Karachi on the Arabian Sea. CAREC Corridor 5, extended to Pakistan along N55, links PRC and Afghanistan to the Arabian Sea and provides the PRC's Xinjiang province and landlocked countries in Central Asia the shortest trade route through the Karachi Port. Improving CAREC Corridor 5 along N55 in Pakistan will enable Pakistan to realize potential economic benefits from accelerated trade with surrounding countries.
- CAREC Corridor along N55 constructed or rehabilitated
- NHA capacity strengthened
|Funding Agency||Amount (USD millions)||Notes|
|Asian Development Bank||180|
|Government of Pakistan||15|