Khyber Pass Economic Corridor Project (WB-P159577)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Economic Affairs Division
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 430.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 443.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 5, 2019

Disclosed by Bank Nov 8, 2016


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Project Description

This project provides financing for the construction of a new 50km high-speed 4 lane expressway called the Peshwawar Torkham Economic Trade Corridor. Components include improving the existing Peshawar-Torkham Road which goes through the Khyber Pass, creating a master plan for regional development, and building the new expressway as an extension of the Karachi-Lahore-Islamabad-Peshawar Trans-Pakistan Expressway System as well as part of the Peshawar-Kabul-Dushanbe Motorway.

This project aims to connect Central Asian markets through Afghanistan to the China-Pakistan Economic Corridor, and is part of the Central Asian Regional Economic Corridors (CAREC) plan. The project is expected to require land acquisition and resettlement of communities living in the project area. 

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Zafar Iqbal Raja, Sarwat Aftab
Sr Highway Engineer

Borrower/Client/Recipient
Economic Affairs Division
Mumtaz Hussain Shah
Deputy Secretary
webmaster@ead.gov.pk

Implementing Agencies
National Highways Authority (NHA)
Shahid Ashraf Tarar
Chairman, NHA
chairman@nha.gov.pk

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.