Islamabad: According to media reports reported on August 20, the Asian Development Bank (ADB) has authorized a USD 235 million loan to Pakistan for the upgrade of a 222-kilometer section of the Shikarpur-Rajanpur National Highway (N-55) from two lanes to four lanes. Economic growth and regional connectivity would be aided by the upgrade.
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According to the information provided, traffic police facilities, emergency response centers, and bus stations would be built along the road. N-55 is part of the Central Asia Regional Business Cooperation (CAREC) Corridor 5, which connects the ports of Gwadar and Karachi with national and international economic centers in the north, according to reports.
According to ADB Transport Specialist Rika Idei, upgrading N-55 will improve the capacity of the highway that runs through Punjab and Sindh’s economic centers.
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The USD 235 million loans is the second installment of a multi-tranche financing instrument aimed at providing financial and technical support to the country’s National Highway Authority.
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