The China Pakistan Economic Corridor (CPEC), a part of China’s Belt and Road Initiative, is set to become a “trillion-dollar blunder” project, say analysts.
The CPEC, a collection of infrastructure projects that are currently under construction throughout Pakistan, which were originally valued at $46 billion is now estimated to be $87 billion and only a quarter of which have been completed, according to The Jerusalem Post.
The Israeli English daily pointed out that CPEC was intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects and special economic zones (SEZs).
