Thursday, 6 October 2016
Pakistan. Bumpy road to China (Khurram Hussain, South Asia Monitor)
With the passage of time, it is becoming increasingly clear that projects under the China-Pakistan Economic Corridor (CPEC) will cost more than what has been assumed thus far. The costs are coming under various heads: requests for allowing higher project costs than what was approved by Nepra in determining the tariffs for the projects, higher-than-anticipated expenditure on special security arrangements that will operate throughout the life of the projects, higher returns on equity being demanded by project sponsors, higher costs of compliance with environmental regulations, and so on.
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