{"id":414071,"date":"2021-05-10T08:30:05","date_gmt":"2021-05-10T03:00:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414071"},"modified":"2021-05-10T09:10:49","modified_gmt":"2021-05-10T03:40:49","slug":"china-reluctant-to-clear-6-bn-loan-for-cpec-project-as-debt-rises","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-reluctant-to-clear-6-bn-loan-for-cpec-project-as-debt-rises\/","title":{"rendered":"China reluctant to clear $6 bn loan for CPEC project as debt rises"},"content":{"rendered":"<p>China has shown reluctance to clear a USD 6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt.<\/p>\n<p>The cost of the Mainline-I (ML-I) railway project was initially USD 9 billion but later it was reduced gradually to USD 6.8 billion. According to a report in The Express Tribune, Chinese authorities are wary of Pakistan&#8217;s ability to service its debt. <\/p>\n<p>&#8220;Beijing conveyed its concerns during a meeting held on March 30 to discuss financing modalities of the project,&#8221; the Pakistan government officials said as per the report.<\/p>\n<p>&#8220;The Chinese side have sought clarification regarding the possibility of raising further debt by Pakistan during currency of the IMF program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has shown reluctance to clear a USD 6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt. The cost of the Mainline-I (ML-I) railway project was initially USD 9 billion but later it was reduced gradually to USD 6.8 billion. According to a report in The Express Tribune, Chinese authorities are wary of Pakistan&#8217;s ability to service its debt. &#8220;Beijing conveyed its concerns during a meeting held on March 30 to discuss financing modalities of the project,&#8221; the Pakistan government officials said as per the report. &#8220;The [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-414071","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=414071"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414071\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}