Financial sustainability of Pakistan's highway development program

The Government of Pakistan allocates funds to the National Highway Authority (NHA) for the development of Pakistan highways in the form of Capital Development Loans (CDL). The repayment of such debts is not possible in the road sector where investments are large and revenues are small. This research paper investigates the cash flow analysis to propose a solution that will address the two issues i.e. repayments of CDL and financing shortfalls in the future development portfolio, in order to ensure the financial sustainability of NHA's development program. To enable NHA to enter into this innovative financing mode it is proposed to create a National Highway Development Framework (NHDF). Through NHDF, NHA can sustain the financing requirements of major road development projects and can complete the major motorway network in a shorter time period through the availability of stable financial resources. (a) For the covering entry of this conference, please see ITRD abstract no. E214938.

  • Authors:
    • TAHIR, A
  • Publication Date: 2006-11


  • English

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  • Accession Number: 01051058
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ITRD, ATRI
  • Created Date: Jun 11 2007 1:15PM