Forwarded from 📡Guardians of Hong Kong
Turkey, Iran, Pakistan rail link to China's Belt and Road
The governments of Turkey, Iran and Pakistan will revive a transnational rail service linking Istanbul, Tehran and Islamabad (ITI), one of the projects in China's Belt and Road Initiative (BRI).
This project was launched in 2009 under the umbrella of the Economic Cooperation Organization (ECO), a 10-member political and economic intergovernmental organization founded in 1985 by Iran, Pakistan and Turkey.
China asked for additional guarantees from Pakistan and refused to give the complete concessional loan Islamabad.
That raises the question of how Pakistan will fund its railway network. Pakistan is expected to look for funding outside the BRI framework since China has no interest to offer financial support. China will lend political support to the ITI railroad because it complements the BRI. However, it still expects Iran, Pakistan and Turkey to bear costs and share risks if they wish to benefit from the trade and investment dividends a successful ITI railroad is expected to yield.
Source: Nikkei Asia #Dec29
https://asia.nikkei.com/Spotlight/Belt-and-Road/Turkey-Iran-Pakistan-rail-link-to-China-s-Belt-and-Road?fbclid=IwAR3uYQSSG30opttB_YiTZfu3klyQFgiovRrNuRGHfVHbUcBNRBWiiFRApAg
#BRI #Pakistan #China #ITI #ECO #Turkey
The governments of Turkey, Iran and Pakistan will revive a transnational rail service linking Istanbul, Tehran and Islamabad (ITI), one of the projects in China's Belt and Road Initiative (BRI).
This project was launched in 2009 under the umbrella of the Economic Cooperation Organization (ECO), a 10-member political and economic intergovernmental organization founded in 1985 by Iran, Pakistan and Turkey.
China asked for additional guarantees from Pakistan and refused to give the complete concessional loan Islamabad.
That raises the question of how Pakistan will fund its railway network. Pakistan is expected to look for funding outside the BRI framework since China has no interest to offer financial support. China will lend political support to the ITI railroad because it complements the BRI. However, it still expects Iran, Pakistan and Turkey to bear costs and share risks if they wish to benefit from the trade and investment dividends a successful ITI railroad is expected to yield.
Source: Nikkei Asia #Dec29
https://asia.nikkei.com/Spotlight/Belt-and-Road/Turkey-Iran-Pakistan-rail-link-to-China-s-Belt-and-Road?fbclid=IwAR3uYQSSG30opttB_YiTZfu3klyQFgiovRrNuRGHfVHbUcBNRBWiiFRApAg
#BRI #Pakistan #China #ITI #ECO #Turkey
Nikkei Asia
Turkey, Iran, Pakistan rail link to China's Belt and Road
Oriental express service for the 21st century connecting West Asia to China
Forwarded from 📡Guardians of Hong Kong
China's New Belt and Road Has Less Concrete, More Blockchain
The Covid-19 pandemic hasn’t been good for China’s Belt and Road Initiative. the virus “seriously affected” one-fifth of the projects in the China-centered infrastructure drive, according to the Ministry of foreign Affairs. Djibouti, Laos, Maldives, Pakistan, and Zambia, among others, have asked China to renegotiate or forgive Belt and Road loans. Kyrgyzstan and Sri Lanka have already extracted concessions.
Source: Bloomberg #Mar24
#China #BeltandRoad #Djibouti #Laos #Maldives #Pakistan
https://www.bloomberg.com/news/articles/2021-03-24/china-s-new-belt-and-road-has-less-concrete-more-blockchain
The Covid-19 pandemic hasn’t been good for China’s Belt and Road Initiative. the virus “seriously affected” one-fifth of the projects in the China-centered infrastructure drive, according to the Ministry of foreign Affairs. Djibouti, Laos, Maldives, Pakistan, and Zambia, among others, have asked China to renegotiate or forgive Belt and Road loans. Kyrgyzstan and Sri Lanka have already extracted concessions.
Source: Bloomberg #Mar24
#China #BeltandRoad #Djibouti #Laos #Maldives #Pakistan
https://www.bloomberg.com/news/articles/2021-03-24/china-s-new-belt-and-road-has-less-concrete-more-blockchain
Forwarded from 國際文宣組 IFC
So much eye rolling and patience needed just to handle the comment section or talk to wumao.
#meme #kermit #pakistan #wumao #trollarmy #uyghurgenocide #ccp #humanrights #uyghur #stopuyghurgenocide #closethecamps #muslim
#meme #kermit #pakistan #wumao #trollarmy #uyghurgenocide #ccp #humanrights #uyghur #stopuyghurgenocide #closethecamps #muslim