{"id":73803,"date":"2021-01-30T09:57:00","date_gmt":"2021-01-30T04:57:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=73803"},"modified":"2021-01-29T18:02:10","modified_gmt":"2021-01-29T13:02:10","slug":"korean-bank-lend-usd-49-mn-chakdara-timergarah-road","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/korean-bank-lend-usd-49-mn-chakdara-timergarah-road.html","title":{"rendered":"Korean Bank to lend USD 49 mn for Chakdara-Timergarah Road"},"content":{"rendered":"\n<p>Islamabad: The government of Pakistan and EXIM Bank of Korea have signed a USD 49.045 million loan agreement for construction of Section 1 of the Chakdara\u2013Timergarah Road \u2013 a news source reported on January 28.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cda-to-restart-construction-of-margalla-avenue.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA to award contract for Margalla Road development work<\/a><\/p>\n\n\n\n<p>According to the details, the agreement was signed by Economic Affairs Secretary Noor Ahmed from Pakistani side, while the Korean bank was represented by EXIM Bank Senior Executive Director Shin Deong-yong.<\/p>\n\n\n\n<p>The project involves widening and improvement of the 38.5-kilometre Chakdara-Timergara section of N-45. The project is expected to cost a total of USD 60.740 million. USD 49.045 million will be provided by Korean bank through soft loan while the remaining amount will be arranged by Pakistan\u2019s government. The project will be executed by NHA. <\/p>\n\n\n\n<p>Read: <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/funds-approved-for-road-to-connect-kalam-and-kumrat.html\" target=\"_blank\">Funds approved for road to connect Kalam and Kumrat valleys<\/a><\/p>\n\n\n\n<p>The development is expected to improve the connectivity by widening and rehabilitating the existing road and enhancing the effective use of the national highway. The road is also expected to help promote trade with neighbouring Central Asian countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government of Pakistan and EXIM Bank of Korea have signed a USD 49.045 million loan agreement for construction of Section 1 of the Chakdara\u2013Timergarah Road \u2013 a news source reported on January 28. Read: CDA to award contract for Margalla Road development work According to the details, the agreement was signed by Economic Affairs Secretary Noor Ahmed from Pakistani side, while the Korean bank was represented by EXIM Bank Senior Executive Director Shin Deong-yong. The project involves widening and improvement of the 38.5-kilometre Chakdara-Timergara section of N-45. The project is expected to cost a total of USD 60.740 million. USD 49.045 million will be provided by Korean bank through soft loan while the remaining amount will be arranged by Pakistan\u2019s government. The project will be executed by NHA. Read: Funds approved for road to connect Kalam and Kumrat valleys The development is expected to improve the connectivity by widening and rehabilitating the existing road and enhancing the effective use of the national highway. The road is also expected to help promote trade with neighbouring Central Asian countries.<\/p>\n","protected":false},"author":57,"featured_media":60025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[45075,45076],"persona":[],"class_list":{"0":"post-73803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-chakdara-timergarah-road","9":"tag-korean-bank-to-lend-usd-49-mn-for-chakdara-timergarah-road","10":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Korean Bank to lend USD 49 mn for Chakdara-Timergarah Road - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The government of Pakistan and EXIM Bank of Korea have signed a USD 49.045 million soft loan agreement for construction of Section 1 of the Chakdara\u2013Timergarah Road \u2013 a news source reported on January 28.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/korean-bank-lend-usd-49-mn-chakdara-timergarah-road.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korean Bank to lend USD 49 mn for Chakdara-Timergarah Road - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The government of Pakistan and EXIM Bank of Korea have signed a USD 49.045 million soft loan agreement for construction of Section 1 of the Chakdara\u2013Timergarah Road \u2013 a news source reported on January 28.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/korean-bank-lend-usd-49-mn-chakdara-timergarah-road.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-30T04:57:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/800px-Road_construction_in_progress.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Korean Bank to lend USD 49 mn for Chakdara-Timergarah Road - Zameen News","description":"Islamabad: The government of Pakistan and EXIM Bank of Korea have signed a USD 49.045 million soft loan agreement for construction of Section 1 of the Chakdara\u2013Timergarah Road \u2013 a news source reported on January 28.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/korean-bank-lend-usd-49-mn-chakdara-timergarah-road.html","og_locale":"en_US","og_type":"article","og_title":"Korean Bank to lend USD 49 mn for Chakdara-Timergarah Road - Zameen News","og_description":"Islamabad: The government of Pakistan and EXIM Bank of Korea have signed a USD 49.045 million soft loan agreement for construction of Section 1 of the Chakdara\u2013Timergarah Road \u2013 a news source reported on January 28.","og_url":"https:\/\/www.zameen.com\/news\/korean-bank-lend-usd-49-mn-chakdara-timergarah-road.html","og_site_name":"Pakistan Real Estate News &amp; 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