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Chinese Funding Never Arrived, and the Trains Remain in a Dilapidated state... The Irony Is that After Waiting Nine Years, Pakistan's Railway Project Is Once Again Relying on a US-Japan-Led Bank.
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A Pakistani railway renovation project, a centerpiece of China's Belt and Road Initiative, is facing an unprecedented situation. The project, a cornerstone of a $60 billion (9.2 trillion yen) investment program in Pakistan, was supposed to overhaul approximately 1,800 kilometers of main railway lines. Because China offered to provide the funding alone, Pakistan had previously refused a loan from the Asian Development Bank (ADB), whose largest sh…
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