ADB gives ‘final chance’ to $360m Central Asia Regional Economic Corridor project

ISLAMABAD: The Asian Develop­ment Bank (ADB) has granted a final one-month extension for the disbursement of a $360 million loan for the embattled Central Asia Regional Economic Corridor (Carec) Tran­che-III project, which has already been delayed by around a year due to issues with the National Highway Authority (NHA). “The ADB approves an extension of bid validity from March 6, 2026, to April 5, 2026 (for a period of 30 days). This shall be the last and final extension of bid validity. The ...

By none@none.com (The Newspaper's Staff Reporter)