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Featured China reluctant to approve $6b ML-I loan

Hydropower Stations, no Oil/Gas import needed



Thar Coal Power Project, not Coal imported power plant. No Oil/Gas import needed







The facts speak for themselves
 
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Wind Farm. No Oil/Gas import needed





Solar Park

Power grid

 
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Pakistan's has agreed to Chinese demands of borrowing money for ML1 partly in RMB and also on increased interested rate! If Pakistan also agrees to a mixture of commercial and concessional loans then JCC might take place soon!

At the same time, Pakistan is ready to back off from its initial position on interest rates on loans. The construction might kick off from October 2021.

20210511_131135.png



Pakistan was saying interest rate should be 1% while China was pushing for 2.2% interest rate as this is the minimum interest rate on the other projects under CPEC looks like Pakistan agrees for 2.2% and approached the Exim Bank for loan in April 2021
 
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Hydropower Stations, no Oil/Gas import needed



Thar Coal Power Project, not Coal imported power plant. No Oil/Gas import needed







The facts speak for themselves

You forget to put road project
 
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Then Pakistan must look at alternative strategy for which the investment can come from China or even from Russia.

1. Why is this long rail line necessary ? To transfer cargo or passengers ? If the second then is it necessary for the many people to really travel to justify having new lines ? Also, maybe the present line can stay but the trains themselves can be made more comfortable and modernized.

2. Can't PIA and feeder bus services handle the passengers for Peshawar and Karachi ?

Maybe these two things will require a more optimized investment.

How much is the new line being constructed ? Or is it just upgrading and making another line under current existing line ?

Indonesia state owned consortium can make 400 km new line Laos-Vietnam railway project just for 1.9 billion USD and it will be financed by Indonesia state owned railway consortium.


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The Indonesia Railway Development Consortium has announced plans to begin work in 2021 on a 400km rail line between Vietnam and Laos for a price of $1.9bn
1620725633543.png


The consortium is made up of INKA, Indonesia’s state-owned train maker, and Indonesian Railways Company, its main operating company. It also includes electronics company Len Industri and contractor Waskita Karya.


The consortium has signed a cooperation agreement with Vietnam’s HT Construction company and Laos’ PetroTrade.

The deal was first proposed during a 2017 bilateral meeting between Indonesian President Joko Widodo and Lao Prime Minister Thongloun Sisoulith in 2017. The project is now scheduled to begin on site by the end of 2021 and to be complete in 2024.

One of the main investors will be INKA, which plans to raise $640m for the scheme. Budi Noviantoro, the chief executive of INKA, said his company was waiting for PetroTrade to complete its survey of the route before announcing more definite plans.

The partners aim to run trains at up to 120km/h between Thakhek in south-central Laos and Vung Ang Port in Vietnam’s central province of Ha Tinh.

In March, Vietnam and Laos announced an agreement to build a 555km rail link between Vientiane, the capital of Laos, and Vung Ang. The two countries are carrying out a feasibility study for the project with support from the Korea International Cooperation Agency.

Meanwhile, China is building a $7bn north–south rail line through Laos. This a 414km link, which is more than half finished, runs between the Yunnan provincial capital of Kunming and Vientiane. It is due to enter service in December 2021.

 
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Japan could be an alternative. Japanese govt was partnering in KCR but PPP Zardari sabotaged the agreement.
ML-1 and KCR are viable projects and would pay off their costs. Pakistan can go for BOT basis for both Karachi Mass Rail Transit, KCR, and ML-1 with Japan.
AB and WB has already proposed a stage wise build up of ML1 Which was thrown out in PMLN era

Since ML1 Covers 70% of population its better to just bite the bullet
 
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Discussion about lending (if it is happening) is a good thing. China must be cautious about who it lends to and at what rates. Pakistan must be careful about how much we borrow and why. I suspect an agreement will be reached. Ultimately though Pakistan exists in an economically unsustainable model.
 
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How much is the new line being constructed ? Or is it just upgrading and making another line under current existing line ?

Indonesia state owned consortium can make 400 km new line Laos-Vietnam railway project just for 1.9 billion USD and it will be financed by Indonesia state owned railway consortium.


------------------------------------------------------

The Indonesia Railway Development Consortium has announced plans to begin work in 2021 on a 400km rail line between Vietnam and Laos for a price of $1.9bn
View attachment 742638


The consortium is made up of INKA, Indonesia’s state-owned train maker, and Indonesian Railways Company, its main operating company. It also includes electronics company Len Industri and contractor Waskita Karya.


The consortium has signed a cooperation agreement with Vietnam’s HT Construction company and Laos’ PetroTrade.

The deal was first proposed during a 2017 bilateral meeting between Indonesian President Joko Widodo and Lao Prime Minister Thongloun Sisoulith in 2017. The project is now scheduled to begin on site by the end of 2021 and to be complete in 2024.

One of the main investors will be INKA, which plans to raise $640m for the scheme. Budi Noviantoro, the chief executive of INKA, said his company was waiting for PetroTrade to complete its survey of the route before announcing more definite plans.

The partners aim to run trains at up to 120km/h between Thakhek in south-central Laos and Vung Ang Port in Vietnam’s central province of Ha Tinh.

In March, Vietnam and Laos announced an agreement to build a 555km rail link between Vientiane, the capital of Laos, and Vung Ang. The two countries are carrying out a feasibility study for the project with support from the Korea International Cooperation Agency.

Meanwhile, China is building a $7bn north–south rail line through Laos. This a 414km link, which is more than half finished, runs between the Yunnan provincial capital of Kunming and Vientiane. It is due to enter service in December 2021.


Thakhek in south-central Laos and Vung Ang Port in Vietnam
1620726291524.png


North of Laos.
1620726728447.png


I don't have google earth right now, otherwise I can show you elevation gain.

The difference is huge.

I do projects management, I think railway is not just length. Comparing budget by length is misleading. Land acquisition, labor, laws, and many others factors.

Building a new high speed railway is impossible in US, cost is 10 times of China. It can't be explained by length.
 
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How much is the new line being constructed ? Or is it just upgrading and making another line under current existing line ?

From the OP :
The ML-I project includes dualization and upgrading of the 1,872km railway track from Peshawar to Karachi and is a major milestone for the second phase of CPEC and its construction is facing a delay of over three years.
So I think they want to make a new line, especially as Basel said this :
The problem is current line very old and can not support fast movement like modern trains. and new capability is needed for moving faster and more people and cargo then before.


Indonesia state owned consortium can make 400 km new line Laos-Vietnam railway project just for 1.9 billion USD and it will be financed by Indonesia state owned railway consortium.

Then Indonesia should propose to Pak government to replace China with Indonesia.

Discussion about lending (if it is happening) is a good thing. China must be cautious about who it lends to and at what rates. Pakistan must be careful about how much we borrow and why. I suspect an agreement will be reached. Ultimately though Pakistan exists in an economically unsustainable model.

Why is a communist country lending money at interest ? That too to its supposed close partner ?
 
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From the OP :

So I think they want to make a new line, especially as Basel said this :





Then Indonesia should propose to Pak government to replace China with Indonesia.



Why is a communist country lending money at interest ? That too to its supposed close partner ?
India is borrowing money from Communist China controlled AIIB as well with interest. Come on, dude.
 
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India is not a socialist or communist country. I wish it was. :)
India constitution said India is socialist country, if I remember right. :p:

The earlier India founders are fans of Soviet style economy, but India social/cultural soil is different from China. Gradually India slides into capitalists hand, and RSS Hindutva.

The transform of India society is shocking.

But to infrastructure, basically India are still using the railway which was built under British rule. Not much improvement.
 
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In fact Pakistan has been going in reverse gear since British left the country in 1947. Colonial laws are worsened, bureaucrats and judges even more corrupted. Nothing is functioning in Pakistan right now except the military institutions which the British left behind.
Pakistans law and bureaucracy was also a left over of British and they have failed.. it's all about feudal mindset that promotes their intrusion into govt. based on their wealth they built/Inherited and how they built a system over years that protects them for every wrong thing they do by promoting nepotism and placing their people in the right areas.. The model failed in military therefore it has survived. Most of these feudal were pegged by the same british colonials and given protection.
 
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India constitution said India is socialist country, if I remember right. :p:

Yes, in 1976 the Congress government of PM Indira Gandhi amended the Preamble ( intro ) to the Constitution to include the words "Secular and Socialist. But sadly even now India is neither secular nor socialist.

The earlier India founders are fans of Soviet style economy

Yes, it seems the first PM, Nehru, was a bit inspired by the Soviet Union and he and his associates introduced Soviet elements like "Five year plans" and a centrally planned economy, though these were half-hearted.

but India social/cultural soil is different from China.

Yes, most Indians seem not to want to revolt against the extremely capitalist and regressive socio-economic culture of the country. They are placid despite the many social wrongs like suicide of 350,000+ farmers just between 1995 and 2015. These suicide happen because of socio-economic reasons. Basically a mass murder tolerated by the System.

The mass revolution of Mao in China does not find takers in Indian society. Indian citizens are ready to be continued to be exploited by the political, economic and religious elite elements but not ready to revolt. Indians have an escapist life. Even the public communist movements say that they want communism attainment in the country by being within the scope of the Constitution. This was told to me by a senior leader of one such group ( I wanted to join that group ). Unfortunately, I didn't ask what he meant. But there is the Naxal / Naxalite guerrilla movement which has taken the path of Mao's revolution and so there are also known in India as the Maoists. They are fighting the Indian State since the 1960s.

Gradually India slides into capitalists hand, and RSS Hindutva.

The transform of India society is shocking.

Well, the Indian system as maintained by the Establishment was never a socialist system even if it had socialism-inspired elements like Five Year Plans, pensions and a government health system. It was a half-hearted effort. I will copy-paste my post from another thread :
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1. If India was capitalist only during BJP rule why was the Bombay Stock Exchange not shut down during non-BJP rule ? The BSE is one of oldest stock exchanges in the world. Is not a stock exchange a prominent indicator of capitalism ?

2. If PSUs [ government-owned industrial, financial and service organizations ] are indicators of socialism why is it half-done in India ? Why are there life insurance companies and private clinics and hospitals ?

3. Why were mahajans [ traditional private moneylenders ], microfinance institutions and private banks allowed to exist and then to offer loans to farmers at interest ?

4. Why were private education institutions allowed to exist ?

5. Other things I cannot remember now.
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But to infrastructure, basically India are still using the railway which was built under British rule. Not much improvement.

Even tea came to India by the British bringing it.

But there is some development of the railway like cleaner railway stations and redesigned or improved passenger coaches.
 
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