Huge Cost Overruns On Mega Projects, As Though Being Built On Cost Plus

All Project Cost Overruns Discussed Below Are Public Entities: While Islamabad Airport and Neelum-Jhelum Projects Are Federal, Nandipur is Punjab Govt After 18th Amendment Was Passed in April 2010. (PKonweb Note) DR. FARRUKH SALEEM: Nandipur Power Project: In 2008, the Pakistan Electric Power Company (PEPCO) signed a Rs23 billion contract with Dong Fang Electric Corporation […]

World Bank Estimates Pakistan’s Financial Capital Karachi Needs $10 Billion to be Livable, Competitive

The World Bank estimates that Pakistan’s largest metropolitan city Karachi– also its economic hub, needs $9 to $10 billion financing over 10-year period to meet its infrastructure and service delivery requirements.

Examining Debt Implications of Belt and Road Initiative

China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, then BRI raises the risk of debt distress in some borrower countries,