Home / India News / China Pakistan Economic Corridor will be 'trillion dollar blunder': Experts

China Pakistan Economic Corridor will be 'trillion dollar blunder': Experts

The CPEC, a collection of infrastructure projects that are currently under construction throughout Pakistan, which were originally valued at $46 billion is now estimated to be $87 billion

Chinese President, Xi Jinping, Peng Liyuan, Macau Chief Executive, Fernando Chui, Ho Iat-seng

Premium

The debt quotient of this corridor is about $80 billion, 90 per cent of which will be paid for by Pakistan.

3 min read Last Updated : Jun 22 2020 | 12:19 PM IST

The China Pakistan Economic Corridor (CPEC), a part of China's Belt and Road Initiative, is set to become a "trillion-dollar blunder" project, say analysts.

The CPEC, a collection of infrastructure projects that are currently under construction throughout Pakistan, which were originally valued at $46 billion is now estimated to be $87 billion and only a quarter of which have been completed, according to The Jerusalem Post.

The Israeli English daily pointed out that CPEC was intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects and special economic zones (SEZs).

Topics : CPEC CPEC project Pakistan Ladakh standoff

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in