ADB to the rescue? Pakistan eyes $2 billion railway upgrade; China’s decade-long rail promise falters – Times of India
The Asian Development Bank is set to finance improvements to Pakistan’s railway infrastructure, taking over from China following extended delays in securing Chinese funding that risked affecting a crucial mining venture, according to sources quoted by Reuters.The initial plan for renovating 1,800 km of railways was a key component of China’s $60 billion investment initiative…