IDA Credit: US$130 million equivalent
Terms: Maturity = 40 years; Grace = 10 years
Project ID: P010556
Project Description: The proposed additional loan will help finance the costs associated with cost overrun to continue revitalizing and modernizing Pakistan’s highway system. The project will further create a productive and efficient highway network, lowering transportation bottlenecks and costs, particularly crucial in light of tremendous damage caused by the recent floods. There will be no change to the ongoing project activities. The expected outcome is the sustainable delivery of a productive and efficient national highway network, contributing to lower transportation costs.