Clutch
ELITE MEMBER
- Joined
- Aug 3, 2008
- Messages
- 17,023
- Reaction score
- -3
Can you share a source? I’m very surprised because a few month ago when Pakistan approached China for help with financial crisis they said they would only loan money. In that case I think a loan with favourable rates towards Pakistan would have been okay, but I don’t think that China is in the business of simply handing out money.
246 million dollars Gwadar International Airport under CPEC to undergo construction in April
Category : Latest News Source : The News Date : 04-02-2019
Since the feasibility study of the new Gwadar International Airport has been completed and reviewed by both Pakistani and Chinese authorities, it has been decided that the construction work on the $246 million mega-project will begin in April. According to an official record, unlike other projects under the China-Pakistan Economic Corridor (CPEC) that are operating under concessional loans, the Airport is planned under a Chinese grant. The airport will also be the biggest in Pakistan at an area of 4300 acres.