Four Motorways Projects worth $3.3 billion added to CPEC

News Image

MG News | October 04, 2017 at 06:31 PM GMT+05:00

0:00

Four mega road projects together worth more than $3.3bn have been added to the vast suite of infrastructure schemes coming under the $62bn China–Pakistan economic corridor (CPEC).

Most of the funding is coming from Chinese government, which views the CPEC as one of the most important areas in its One Belt, One Road programme. The estimated total investment value of CPEC rose this year from $55bn to $62bn. detailed design for the roads will be completed by November; land acquisition has already begun.

According to local newspaper, the decision was agreed at the fifth meeting of the CPEC transport working group, held in Karachi on Saturday, 23 September.

A $200m, 290km road will link two of Pakistan’s main east-west highways: the N40 at Nok Kundi and Panjgur on the N-85. Now it can take travelers 10 hours to drive between the two towns on single-lane roads.

Another project will run 200km from Mirpur, through Muzaffarabad to Mansehra, improving communication through the mountains north of Islamabad. This is the most expensive of the projects, with an estimated cost of $2.5bn.

A 354km, $430m road in the north will connect Gilgit to Chitral (pictured) in the Khyber Pakhtunkhwa district near the border with Afghanistan.

Meanwhile, the first section of the Peshawar Bus Rapid Transit corridor project, also in northern Pakistan, will be constructed by Maqbool Construction of Karachi, Calson and China Engineering.

Most of the funding is coming from Chinese government, which views the CPEC as one of the most important areas in its One Belt, One Road programme. The estimated total investment value of CPEC rose this year from $55bn to $62bn.

Some investment is also being advanced by the Asian Development Bank, the European Investment Bank and the French Development Agency. The ADB will provide a loan worth $335m, and the AIB and AFD will provide $75m each.

Detailed design for the roads will be completed by November; land acquisition has already begun.

Work on CPEC road projects so far have proved to be among the most dangerous places to work on the planet. According to a report published in GCR in September last year, some 44 workers have been killed in attacks by Pakistan militants.

Related News

Name Price/Vol %Chg/NChg
KSE100 188,202.86
341.59M
-0.20%
-384.80
ALLSHR 112,423.22
745.46M
-0.07%
-79.96
KSE30 57,956.48
141.89M
-0.12%
-70.41
KMI30 267,375.33
135.18M
-0.39%
-1043.48
KMIALLSHR 72,363.20
391.84M
-0.20%
-146.78
BKTi 53,485.97
53.11M
0.26%
139.85
OGTi 38,916.61
17.01M
0.72%
278.13
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 89,090.00 89,545.00
87,210.00
1505.00
1.72%
BRENT CRUDE 67.70 67.78
65.00
2.11
3.22%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-2.65
-2.96%
ROTTERDAM COAL MONTHLY 99.00 0.00
0.00
0.30
0.30%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 62.57 62.63
60.14
1.94
3.20%
SUGAR #11 WORLD 14.83 15.01
14.74
0.04
0.27%

Chart of the Day


Latest News
January 27, 2026 at 05:43 PM GMT+05:00

Pakistan economy enters the acceleration phase


January 27, 2026 at 04:59 PM GMT+05:00

ISL triples profit to Rs1.6bn in H1FY26


January 27, 2026 at 04:34 PM GMT+05:00

Sazgar 6MFY26 profit up 27%, declares Rs15 dividend


January 27, 2026 at 04:28 PM GMT+05:00

Fauji Foods profit surges 76% to over Rs1bn


January 27, 2026 at 04:22 PM GMT+05:00

PSX Closing Bell: Pause for the Bulls



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg