China About to Start $35 Billion of Silk Road Infrastructure Plan in Pakistan

Source: Bloomberg

About $11 billion has been allocated to infrastructure projects including roads, with concessional loans provided at about 2 percent with payback in 20 years, along with a five-year grace period, said Iqbal, who is heading the investment plans in Pakistan. The rest has been earmarked for generating electricity, with about 11,000 megawatts expected to be added by 2018 to end the nation’s chronic power outages.

In September, Iqbal said a further $8 billion would be provided by China and the Asian Development Bank to update Pakistan’s dilapidated railway network.

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