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Govt. signs an agreement with ADB for Balochistan Roads project

ISLAMABAD: Government of Pakistan on Tuesday signed an agreement with Asian Development Bank (ADB) for National Highway Network Development in Balochistan (Balochistan Roads) Project for an amount of $195 million, ARY News has learnt.

The loan agreement was signed by the Secretary, Economic Affairs Division (EAD) Muhammad Saleem Sethi and Country Director, Asian Development Bank (ADB) Dr. Werner E. Liepach following a meeting between the Federal Finance Minister, Senator Ishaq Dar and Vice President of Asian Development Bank Mr. Wencai Zhang.

The Balochistan Roads Project is part of National Highway Network Development aimed to rehabilitate 79 km of the existing two-lane road of Zhob-Mughal Kot (N50) and 128 km of the existing two-lane road of Qila Saifullah-Waghum (N70) in Balochistan.

Speaking on the occasion, Finance Minister appreciated ADB role in the development of important sectors. He assured Pakistan’s commitment to mobilizing required resources for improving local and regional linkages.

The Vice President ADB assured Government of Pakistan of the support of his organization and appreciated the Government’s efforts to revamp the existing infrastructure for economic growth and development.

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