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The ADB will fund a $2 billion railway upgrade in Pakistan, replacing China to support copper ore transport.
The Asian Development Bank (ADB) will fund a $2 billion upgrade of a 500-km railway line from Karachi to Rohri in Pakistan, replacing China as the financier.
This upgrade is crucial for transporting copper ore from the Reko Diq mine, which is under development by Barrick Mining Corp.
The move comes after delays in securing financing from China, which had pledged $60 billion in investments in Pakistan since 2015.
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El ADB financiará una mejora ferroviaria de $ 2 mil millones en Pakistán, reemplazando a China para apoyar el transporte de mineral de cobre.