Pakistan’s top economic body has approved its costliest project to date as part of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) agreement, giving the go-ahead for a US$6.8 billion project to upgrade its railway lines, the government said.Beijing has pledged more than US$60 billion for CPEC infrastructure projects in Pakistan, central to China’s wider Belt and Road Initiative to develop land and sea trade routes in Asia and beyond.The Executive Committee of the National…
from South China Morning Post https://www.scmp.com/news/asia/south-asia/article/3096236/pakistan-approves-its-most-expensive-project-under-chinas-belt
Thursday, August 6, 2020
Pakistan approves US$6.8bn railway upgrade, its most expensive project under China’s belt and road plan
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