Pakistan Launches $8.2 Billion Railway Upgrade Project

Discussion in 'Pakistan' started by Indx TechStyle, Jun 12, 2016.

  1. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    $8.2b railtrack upgrade project wins go-ahead
    [​IMG]
    At present, Pakistan Railways is picking up less than 4% of the traffic volume of the country. PHOTO: ONLINE
    ML-I project
    LNG pipeline
    @Neo @Zulfiqar Khan @Dazzler @Zarvan
    I can understand, with an economy of $288 billion, it's really too costly project of $8.5 billions.
    So, you're taking loans. Not only this project, but in many other fields too.
    Have your governments ever thought of repaying them?
     
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  3. aditya g

    aditya g Regular Member

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    China has done this elsewhere. First give soft loans, and when the debtor is unable to pay back, agree to convert loan to equity ownership. Thus subverting the domestic control over national assets.
     
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  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    ab china hi bache pada karega pakiyo ke :biggrin2::biggrin2::biggrin2::biggrin2::biggrin2::biggrin2:
     
  5. Zebra

    Zebra Senior Member Senior Member

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    At the end, that is what gonna happen.
     
    Last edited: Jun 13, 2016
  6. Indx TechStyle

    Indx TechStyle Perfaarmance Naarmal Senior Member

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    Pakistan Special Administrative Region (SAR) of PRC will there be in our west.
     
  7. 3deffect

    3deffect Regular Member

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    and there name should be Shanzu-atif-alam:biggrin2::biggrin2:
     
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  8. sob

    sob Moderator Moderator

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    I read this very differently. For the first time money is being earmarked for Infrastructure upgradation in Pakistan.
    China has done their homework very well, and we can see not only road, railway network being upgraded but also new Power Plants coming up.
     
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  9. HariPrasad-1

    HariPrasad-1 Senior Member Senior Member

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    This will end up in buying junk chinese engines which has a record of breaking down in its first run on shalimar express.
     
  10. sob

    sob Moderator Moderator

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    Yes they were swindled the last time by the Chinese and also South Koreans if I do recall.
     
    Last edited: Jun 23, 2016
  11. PD_Solo

    PD_Solo The only one

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    Read some where that Paki were looking for Indian engines on lease after Chinese engines broke in scorching heat..


    Sent from my XT1068 using Tapatalk
     
  12. Mikesingh

    Mikesingh Senior Member Senior Member

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    China is omnipresent in Pakistan. It seems it has already become an autonomous region of China like TAR (Tibetan Autonomous Region). It will soon me known as PAR (Pak Autonomous Region).

    Seriously, there are no free lunches. Pakistan will need to pay back the enormous loans it has taken not only from China but international lending agencies too like the IMF. They're already sunk in enormous debt and pay-back time is when it's going to hurt the economy real bad!
    Spot on! PAR will become a reality sooner than later!
     

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