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The ADB takes over a $2 billion railway project in Pakistan, replacing China and aiding copper ore transport.
The Asian Development Bank (ADB) is set to lead a $2 billion upgrade of a 500-km stretch of the Karachi-Rohri railway line in Pakistan, taking over from China.
This shift addresses delays in the China-Pakistan Economic Corridor (CPEC) project, part of China's Belt and Road Initiative, and highlights Pakistan's struggle with Chinese debt.
The ADB's involvement aims to facilitate copper ore transport from the Reko Diq mine.
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El ADB se hace cargo de un proyecto de ferrocarril de $ 2 mil millones en Pakistán, reemplazando a China y ayudando al transporte de mineral de cobre.