Islamabad: Pakistan has asked China to resolve concerns that are preventing the completion of seven $12 billion energy and infrastructure projects.
On Tuesday, Special Assistant to the Prime Minister (SAPM) on CPEC Khalid shared this information with local media reporters. “I’ve written two separate letters to China’s vice chairman of the National Development and Reform Commission (NDRC) pushing him to remove impediments,” Mansoor said.
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According to reports, the CPEC SAPM revealed that Islamabad was willing to accept a combination of Chinese and US dollar loans from Beijing in order to complete CPEC projects.
“We have sought Chinese support for six energy and one infrastructure projects – the Mainline (ML-1) scheme of the Pakistan Railways. The cost of the energy projects is $5 billion and the minimum estimated value of the ML-1 scheme is $6.8 billion,” he said.
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He went on to say that he had discussed the subject with the Chinese ambassador in Islamabad and that he had written two different letters to the NDRC, one for the settlement of obstacles preventing the financial close of the energy projects and the other for the ML-I project’s term sheet.
It’s worth noting that the ML-I project has been delayed for more than four years, despite the fact that the two countries have been discussing financial terms for the previous two years.
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