CPEC project: No chance of corruption, says Ahsan Iqbal
He said there would be bidding among the three companies and the lowest bidder would be awarded the contract
PHOTO: AFP
ISLAMABAD:
The China-Pakistan Economic Corridor (CPEC) would be a corruption-free project and fate changer for Pakistan, said Minister for Planning, Development and Reform Ahsan Iqbal.
Replying to a question, he said national institutions had fixed tariffs for investment in different energy projects including coal, hydel and solar in the country’s energy policy.
Published in The Express Tribune, December 3rd, 2015.
The China-Pakistan Economic Corridor (CPEC) would be a corruption-free project and fate changer for Pakistan, said Minister for Planning, Development and Reform Ahsan Iqbal.
“There is zero chance of corruption in the project since $40 billion of the total $46 billion would be invested in the power sector through private investors and it would need to get its return on investment,” he said talking to a private news channel.
“The remaining $6 billion would come under concessional financing from the Chinese government,” he said, adding that China would nominate a panel of three reputed companies for the decision. He said there would be bidding among the three companies and the lowest bidder would be awarded the contract.
Replying to a question, he said national institutions had fixed tariffs for investment in different energy projects including coal, hydel and solar in the country’s energy policy.
Published in The Express Tribune, December 3rd, 2015.