• WB-funded scheme faces cost overruns • Southern Link Road dropped as cost surges to nearly Rs130bn ISLAMABAD: The government is considering to restructure the 47-kilometre Peshawar-Torkham Motorway project, funded through a $460 million (about Rs130 billion) World Bank loan, owing to multiple challenges that have led to massive delays and cost overruns. The loan agreement with the World Bank was signed in December 2019 under controversial circumstances, with the project being dubbed a “road to nowhere” owing to the absence of comparable connecting infrastructure across the border. The loan became effective on June 12, 2020, with a closing date of May 28, 2026.