Asian Infra­structure Investment Bank to give $500m loan for N-5 construction

ISLAMABAD: The Asian Infra­structure Investment Bank (AIIB) will provide $210.12 million in fin­ancing to Pakistan to reconstruct National Highway N-5 under the Resilient Recovery, Rehabili­tation and Reconstruction Framework.

The N-5 project represents the AIIB’s first standalone project in the transport sector of Pakistan, the Beijing-based multilateral lender says. The project aims to enhance climate resilience, operational efficiency, and road safety by reconstructing and upgrading...