Better connectivity: The ‘Belt and Road Initiative’
The project will be funded through a mix of equity and loan investments.
ISLAMABAD:
The ‘Belt and Road Initiative’ gets a major boost with Pakistan project, say Chinese experts. The Silk Road Fund’s first overseas investment project is expected to demonstrate a new financing model that supports infrastructure construction and improves connectivity across the regions involved in the “Belt and Road Initiative”, they added. The $40 billion Silk Road Fund will inject capital in China Three Gorges South Asia Investment Limited to develop the Karot hydropower project on the Jhelum River. The project will be funded through a mix of equity and loan investments. The infrastructure construction project is expected to ease electricity shortage in Pakistan and support its economic development.
Published in The Express Tribune, April 23rd, 2015.
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