Yes. 200 million people and growing. Most of that population is laid out in linear model and this HSR would run through most of the population nodes.
The benefits are obvious and no point in even enumerating. But the risks are divided into -
- real
- perception
Leaving the real the perception investors have about Pakistan is very, very poor. From investment point of view Pakistan is percieved as
marginally better then Afghanistan. Therefore I cannot percieve of a private investor or consortia of investors bothering with sinking $33 billion into Pakistan which would give phenomenol returns over the long term but from POV of investior would be almost gambling. Pakistan is a destination most investors stay well clear off especially where the returns are over the long term. The country is seen as fragile, weak, lawless, full of extremism and bursting with chaos which is not something that investors like. The recent events with TLP are good example that go to reinforce the nehative view of Pakistan across the globe.
I can easily see a TLP type frenzied mob blocking HSR operations, burning trains or tearing track along various points as they did with the motorway network. Given there are plenty of other destiniations that are attractive but percieved as stable like Vietnam, India, Bangladesh etc I can't see this happening. Not at least until extremism is resolved and the state ensure due process of law on all marauding idiots like Rizvi.
That leaves investment hinged on strategic interests. This can only be China but the Chinese have already investing in CPEC and I don't see them extending that to HSR. Their investment are driven by strategic calculus and no more.
That is my few pennies on the subject.