{"id":100979,"date":"2025-01-06T12:53:54","date_gmt":"2025-01-06T07:53:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100979"},"modified":"2025-01-06T12:53:58","modified_gmt":"2025-01-06T07:53:58","slug":"aiib-finances-pak-n-5-highway","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/aiib-finances-pak-n-5-highway.html","title":{"rendered":"Pakistan secures USD 210mn AIIB loan for N-5 Highway revival"},"content":{"rendered":"\n<p>Islamabad: The Asian Infrastructure Investment Bank (AIIB) will extend USD 210.12 million in financing to Pakistan to support the reconstruction of the National Highway N-5 under the Resilient Recovery, Rehabilitation, and Reconstruction Framework. The news has been sourced from an article on January 6.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/dreams-1-project-to-benefit-1-mn-people-in-rwp.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB-backed DREAMS-1 project to benefit 1 mn residents of Rawalpindi<\/a><\/p>\n\n\n\n<p>According to the details, this initiative marks AIIB&#8217;s first independent transport sector project in Pakistan. The project aims to enhance climate resilience, operational efficiency, and road safety by upgrading critical four-lane sections into climate-resilient six-lane dual carriageways.<\/p>\n\n\n\n<p>The project is currently under evaluation and is expected to receive AIIB approval by May. The first phase has an estimated cost of USD 247.75 million, with the government contributing USD 37.63 million. The overall cost of the Multi-Phase Programme (MPP) is USD 587.98 million, with AIIB\u2019s total loan contribution amounting to USD 500 million and the federal government contributing USD 87.98 million.<\/p>\n\n\n\n<p>The N-5 is Pakistan&#8217;s longest national highway, connecting Karachi to Torkham, passing through major cities such as Hyderabad, Sukkur, Multan, Lahore, Rawalpindi, and Peshawar. The highway plays a crucial role in the country\u2019s transportation network, linking key economic and trade hubs.<\/p>\n\n\n\n<p>AIIB\u2019s financing will facilitate the reconstruction of four highway sections, covering 213 kilometres across Islamabad Capital Territory, Punjab, Khyber Pakhtunkhwa, and Sindh, as well as two bridges in Sindh.<\/p>\n\n\n\n<p>This effort aligns with the National Highway Authority&#8217;s 20-year, four-phase plan to modernise and expand the country\u2019s critical road infrastructure.<\/p>\n\n\n\n<p><strong>Phase-1 Details<\/strong><\/p>\n\n\n\n<p>The first phase focuses on two tiers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tier 1<\/strong>: Reconstruction of two sections \u2013 Rawalpindi to Burhan (44 km) and Nowshera to Peshawar (31 km) \u2013  and the Nai Baran Bridge near Hyderabad, covering a total of 75 km.<\/li>\n\n\n\n<li><strong>Tier 2<\/strong>: Reconstruction of Lahore to Gujranwala (68 km) and Ranipur to Rohri (70 km), along with the Indus River Bridge in Hyderabad, covering 138 km in total.<\/li>\n<\/ul>\n\n\n\n<p><strong>Components of Phase-1, Tier 1<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Civil works for two highway sections and the Nai Baran Bridge.<\/li>\n\n\n\n<li>Design review and construction supervision.<\/li>\n\n\n\n<li>Baseline costs, including resettlement, environmental and social management, and administrative fees.<\/li>\n<\/ul>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-report-2023-24-tax-gaps-call-for-reforms.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR Report 2023-24: Tax Gaps Call for Reforms and Trust-Building<\/a><\/p>\n\n\n\n<p>Additionally, AIIB has allocated a USD 2 million project preparation grant to support the effective planning and execution of the initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Infrastructure Investment Bank (AIIB) will extend USD 210.12 million in financing to Pakistan to support the reconstruction of the National Highway N-5 under the Resilient Recovery, Rehabilitation, and Reconstruction Framework. The news has been sourced from an article on January 6. Read: ADB-backed DREAMS-1 project to benefit 1 mn residents of Rawalpindi According to the details, this initiative marks AIIB&#8217;s first independent transport sector project in Pakistan. The project aims to enhance climate resilience, operational efficiency, and road safety by upgrading critical four-lane sections into climate-resilient six-lane dual carriageways. The project is currently under evaluation and is expected to receive AIIB approval by May. The first phase has an estimated cost of USD 247.75 million, with the government contributing USD 37.63 million. The overall cost of the Multi-Phase Programme (MPP) is USD 587.98 million, with AIIB\u2019s total loan contribution amounting to USD 500 million and the federal government contributing USD 87.98 million. The N-5 is Pakistan&#8217;s longest national highway, connecting Karachi to Torkham, passing through major cities such as Hyderabad, Sukkur, Multan, Lahore, Rawalpindi, and Peshawar. The highway plays a crucial role in the country\u2019s transportation network, linking key economic and trade hubs. AIIB\u2019s financing will facilitate&hellip;<\/p>\n","protected":false},"author":88,"featured_media":61474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[61514,61515,61513],"persona":[],"class_list":{"0":"post-100979","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-aiib-news-and-updates","9":"tag-aiib-x-pakistan","10":"tag-asian-infrastructure-investment-bank-aiib-news-and-updates","11":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AIIB Finances Pak for N-5 Highway - Zameen News<\/title>\n<meta name=\"description\" content=\"AIIB approves USD 210.12M for Pakistan&#039;s National Highway N-5 reconstruction under Resilient Recovery Framework. 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