Khyber Pass Economic Corridor Project

Abstract*

The development objective Khyber Pass Economic Corridor Project for Pakistan aims to expand economic activity between Pakistan and Afghanistan by improving regional connectivity and promoting private sector development along the Khyber Pass corridor. This project has three components. 1) The first component, Expressway Development, finance the detailed design, construction and supervision of the proposed four-lane PTEX and associated road-user and... Show More

Development Objective

The PDO is to expand economic activity between Pakistan and Afghanistan by improving regional connectivity and promoting private sector development along the Khyber Pass corridor.

Key Details

Project Details

Project ID
P159577
Status
Active
Team Leader
Hasan Zaidi , Kiran Afzal
Borrower 2
Islamic Republic of Pakistan (acting through Economic Affairs Division [EAD])

Country
Pakistan
Disclosure Date
November 8, 2016
Approval Date
(as of board presentation)
June 14, 2018
Effective Date
June 12, 2020

Total Project Cost 1
US$ 482.75 million
Implementing Agency
National Highways Authority (NHA),Planning and Development Department, Government of Khyber Pakhtunkhwa.
Region
South Asia
Fiscal Year 3
2018

Commitment Amount
US$ 460.60 million
Environmental Category
A
Last Update Date
September 7, 2023
Closing Date
May 28, 2026

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change24%
- FY17 - Adaptation21%
- FY17 - Mitigation3%

FY17 - Human Development and Gender

FY17 - Gender17%

FY17 - Private Sector Development

FY17 - Enterprise Development17%
- FY17 - Global value chains17%
FY17 - Jobs84%
- FY17 - Job Creation84%
FY17 - Public Private Partnerships100%
FY17 - Regional Integration17%

FY17 - Urban and Rural Development

FY17 - Road Safety84%
FY17 - Urban Development100%
- FY17 - Public Transport100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	460.60
Borrower/Recipient	22.15

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	460.60
IBRD + IDA Commitment	460.60

Lending Instrument
Grant Amount	N/A
Total Project Cost**	482.75

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 14, 2024	IDA-62700	Loan Disb	3,889.36
May 14, 2024	IDA-62700	Loan Disb	28,995.43
Jun 13, 2024	IDA-62700	Loan Disb	-7,940.00
Dec 22, 2023	IDA-62700	Loan Disb	10,316.72
Dec 22, 2023	IDA-62700	Loan Disb	10,761.74
Oct 1, 2023	IDA-62700	Int Charges	13,277.72
Oct 23, 2023	IDA-62700	Loan Disb	350,000.00
Dec 20, 2023	IDA-62700	Loan Disb	5,101.20
Apr 1, 2024	IDA-62700	Loan Repay	338,452.94
Jul 8, 2024	IDA-62700	Loan Disb	28,979.96
Jul 19, 2024	IDA-62700	Loan Disb	125.64
Apr 1, 2024	IDA-62700	Int Charges	1,323.85
Apr 1, 2024	IDA-62700	Int Charges	1,323.85
Apr 1, 2024	IDA-62700	Int Charges	2,206.42
Apr 1, 2024	IDA-62700	Loan Repay	40,352.35
Apr 19, 2024	IDA-62700	Loan Disb	8,334.08
Jul 24, 2024	IDA-62700	Loan Disb	179.65
Oct 1, 2023	IDA-62700	Loan Repay	1.43
Oct 1, 2023	IDA-62700	Int Charges	7,966.65
Oct 1, 2023	IDA-62700	Int Charges	7,966.65
Oct 1, 2023	IDA-62700	Loan Repay	2,124,428.20
Feb 21, 2024	IDA-62700	Loan Disb	130,447.89
Jul 9, 2024	IDA-62700	Loan Disb	161.65
Jul 8, 2024	IDA-62700	Loan Disb	949.99
Jul 8, 2024	IDA-62700	Loan Disb	359.42
Jul 8, 2024	IDA-62700	Loan Disb	3,887.28
Jul 8, 2024	IDA-62700	Loan Disb	179.72
Apr 19, 2024	IDA-62700	Loan Disb	8,334.08
Jul 16, 2024	IDA-62700	Loan Disb	6,936.44
Jul 16, 2024	IDA-62700	Loan Disb	6,888.84
Apr 1, 2023	IDA-62700	Int Charges	481.18
Apr 1, 2023	IDA-62700	Int Charges	4,396.45
Apr 1, 2023	IDA-62700	Int Charges	4,396.45
Apr 1, 2023	IDA-62700	Int Charges	7,327.43
Apr 1, 2022	IDA-62700	Int Charges	82.48
Sep 6, 2022	IDA-62700	Loan Disb	491,400.00
Dec 28, 2022	IDA-62700	Loan Disb	13,946.52
Oct 1, 2022	IDA-62700	Int Charges	84.84
Oct 1, 2022	IDA-62700	Int Charges	84.84
Oct 1, 2022	IDA-62700	Int Charges	3,824.20
Oct 1, 2022	IDA-62700	Int Charges	2,484.34
Mar 30, 2023	IDA-62700	Loan Disb	1,000,000.00
Apr 1, 2021	IDA-62700	Int Charges	1,467.05
Apr 1, 2021	IDA-62700	Int Charges	1,467.05
Apr 1, 2021	IDA-62700	Int Charges	2,445.09
Oct 1, 2021	IDA-62700	Int Charges	4,258.08
Oct 1, 2021	IDA-62700	Int Charges	59.87
Oct 1, 2021	IDA-62700	Int Charges	59.87
Oct 1, 2021	IDA-62700	Int Charges	2,494.96
Oct 1, 2021	IDA-62700	Int Charges	2,494.96
Apr 1, 2022	IDA-62700	Int Charges	2,415.71
Apr 1, 2022	IDA-62700	Int Charges	2,415.71
Apr 1, 2022	IDA-62700	Int Charges	4,163.67
Apr 1, 2022	IDA-62700	Int Charges	82.48
Dec 18, 2020	IDA-62700	Loan Disb	696,875.00
Jun 14, 2018	IDA-62700	Loan Commitment	460,600,000.00
Jul 8, 2024	IDA-62700	Loan Disb	-179.60
Jun 3, 2024	IDA-62700	Loan Disb	7,990.00
Jul 11, 2024	IDA-62700	Loan Disb	584.09
Aug 16, 2024	IDA-62700	Loan Disb	179.40
Oct 1, 2022	IDA-62700	Int Charges	2,484.34

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Unsatisfactory	2025-03-27
Procurement	Moderately Satisfactory	2025-03-27
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2025-03-27
Project Management	Moderately Unsatisfactory	2025-03-27
Financial Management	Moderately Satisfactory	2025-03-27
Monitoring and Evaluation	Moderately Satisfactory	2025-03-27

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Reduction in travel time for heavy trucks (semi trailers) between Peshawar and Torkham Value 120.00 120.00 72.00
Date March 7, 2018 May 2, 2023 May 28, 2026
Comment
Reduction in time spent by commercial trucks (all types) crossing into Pakistan at Torkham Value 13.00 13.00 6.00
Date March 7, 2018 May 2, 2023 May 28, 2026
Comment
Number of firms benefiting from investments in economic infrastructure financed by the project Value 0.00 0.00 500.00
Date March 7, 2018 May 2, 2023 May 28, 2026
Comment
Of which, 10 percent are women owned and/or managed firms Value 0.00 0.00 50.00
Date March 7, 2018 May 2, 2023 May 28, 2026
Comment
Annual volume of cross border trade at Torkham border in both directions Value 100.00 100.00 120.00
Date June 30, 2018 May 2, 2023 May 28, 2026
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Kilometers of developed or upgraded secondary roads connecting to the Peshawar Torkham Expressway Value 0.00 0.00 40.00
Date January 1, 2018 May 2, 2022 May 28, 2026
Comment
Grievances responded and/or resolved within the stipulated service standards of response times Value 0.00 0.00 100.00
Date August 15, 2018 May 2, 2023 May 28, 2026
Comment
Reduction in fatal road accidents Value 0.00 0.00 10.00
Date January 1, 2018 May 2, 2023 May 28, 2026
Comment
Master plan completed for the Western Greater Peshawar region Value 0.00 0.00 1.00
Date January 1, 2018 May 2, 2023 September 30, 2023
Comment
Transportation terminals constructed Value 0.00 0.00 2.00
Date January 1, 2018 November 4, 2022 May 28, 2026
Comment

Reduction in travel time for heavy trucks (semi trailers) between Peshawar and Torkham	Value	120.00	120.00	72.00
	Date	March 7, 2018	May 2, 2023	May 28, 2026
	Comment

Reduction in time spent by commercial trucks (all types) crossing into Pakistan at Torkham	Value	13.00	13.00	6.00
	Date	March 7, 2018	May 2, 2023	May 28, 2026
	Comment

Number of firms benefiting from investments in economic infrastructure financed by the project	Value	0.00	0.00	500.00
	Date	March 7, 2018	May 2, 2023	May 28, 2026
	Comment

Annual volume of cross border trade at Torkham border in both directions	Value	100.00	100.00	120.00
	Date	June 30, 2018	May 2, 2023	May 28, 2026
	Comment

Reduction in fatal road accidents	Value	0.00	0.00	10.00
	Date	January 1, 2018	May 2, 2023	May 28, 2026
	Comment

Transportation terminals constructed	Value	0.00	0.00	2.00
	Date	January 1, 2018	November 4, 2022	May 28, 2026
	Comment

Khyber Pass Economic Corridor Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS