Pakistan: National Highway Development Sector Investment Program–Project 1
The Asian Development Bank (ADB) approved a multitranche financing facility (MFF) of up to $770 million to Pakistan for the National Highway Development Sector Investment Program (NHDSIP). Under the MFF, ADB provided financing for two loans. Project 1 (Loan 2231) of the NHDSIP was financed by a loan of $180 million from ordinary capital resources for capital investments approved in February 2006. In addition, ADB approved a loan of $3.0 million equivalent (Loan 2210) from its Special Funds resources to finance the institutional strengthening component.
This report validates the completion report’s assessment of the program which aimed to improve road sector efficiency on the main transport corridors in Pakistan and institutional capacity of National Highways Authority. IED overall assessment: Successful.