16 August 2018

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WB To Invest $460m In Peshawar-Torkham Road

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Monday, May 21, 2018

Kabul (BNA) The World Bank (WB) has decided to invest $460 million in building a new road from Peshawar to Torkham to boost trade between the two nations.
The Peshawar-Torkham Expressway Corridor will create job opportunities.  The World Bank’s Board of Directors may approve the $460 million loan next month.
The total cost of the project is nearly $483 million and the remaining amount will be arranged by Pakistan, according to The Express Tribune.
A major component of the loan, $383.6 million, would be given for the construction of the road.  Another amount of $72 million will be approved for the development of marble and horticulture sectors.
The four-lane road has been planned as the existing two-lane highway could not be modernized because of various constraints, the newspaper said.
Improvements in security, infrastructure investments and renewed regional economic cooperation have given new hope for the revival of cross-border trade.
The 50-kilometre Peshawar-Torkham project is part of the 281-km Peshawar-Kabul expressway seen as a gate way to Central Asia.
 

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