CPEC Update: China begins construction work at world\u2019s highest airport project<\/a><\/p>\n\n\n\nAccording to details on projects part of BRI developments, within the last month, Pakistan signed agreements China for two hydropower generation projects in Azad Jammu & Kashmir (AJK) worth USD 3.9 billion. Both countries also signed a deal for revamping Pakistan\u2019s colonial-era railways. This project is worth USD 7.2 billion \u2013 making it the most expensive Chinese project in Pakistan so far. Meanwhile, Beijing has stated that its projects in Pakistan have undergone major progress over the last six years. Officials added that China fully supported the development of CPEC projects.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi: New agreements with China have revived developments under the Belt & Road Initiative (BRI) in Pakistan, Bloomberg reported on Thursday. The international publication added that within the last month, Pakistan signed projects worth USD 11 billion with China under the said initiative. Read: Delay in CPEC projects due to virus outbreak won\u2019t shake China\u2019s confidence: Global Times According to World Bank (WB) estimates, since the launch of BRI in 2013, China has constructed and initiated projects worth USD 575 billion across the globe. These include energy plants, roads, ports, railways, and many other types of projects. Read: CPEC Update: China begins construction work at world\u2019s highest airport project According to details on projects part of BRI developments, within the last month, Pakistan signed agreements China for two hydropower generation projects in Azad Jammu & Kashmir (AJK) worth USD 3.9 billion. Both countries also signed a deal for revamping Pakistan\u2019s colonial-era railways. This project is worth USD 7.2 billion \u2013 making it the most expensive Chinese project in Pakistan so far. Meanwhile, Beijing has stated that its projects in Pakistan have undergone major progress over the last six years. Officials added that China fully supported the development of CPEC projects.<\/p>\n","protected":false},"author":68,"featured_media":62137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15016],"tags":[35048],"persona":[],"class_list":{"0":"post-68185","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-new-developments","9":"tag-details-on-new-agreements-with-china-revive-bri-related-developments-in-pakistan-bloomberg","10":"cat-20385-id","11":"cat-15016-id"},"acf":[],"yoast_head":"\n
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