Project ID: 35401

Chinese Government pledges to provide $200 million loan for Gwadar Coastal Highway Project

Pledged amount

$ 406389817.0513407

Adjusted pledged amount

$ 406389817.0513407

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Pakistan

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2006-01-01

Description

In 2006, the Chinese Government pledged to provide $200 million to finance the Gwadar coastal highway project. The highway connects the Gwadar port with Karachi. According to shipping industry experts, the Gwadar Port could be used as corridor for energy supply to China. As of 2014, the project is completed. The highway is also referred to as the Makran Coastal Highway. This is a 653 km national highway in Pakistan which extends along Pakistan's Arabian Sea coast from Karachi in Sindh province to Gwadar in Balochistan province. It passes the towns of Ormara and Pasni. More locational details can be found at https://en.wikipedia.org/wiki/Makran_Coastal_Highway#/media/File:Pakistan_Nationalhighways.PNG.

Additional details

The Gwadar coastal highway is sometimes referred to as National Highway N–10. This highway project is not to be confused with the China Eximbank funding of the Gwadar-Karachi Motorway project in 2011 (Project ID #37276), or phase one of the Gwadar Port project with Chinese Government financing of $198 million (see Project ID#35124, #38995, #38996).

Number of official sources

0

Number of total sources

8

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Pakistan [Government Agency]

Loan Details

Bilateral loan

Investment project loan