China doubles down on climate, in Pakistan to unveil $15.5bn in coal, wind, solar and hydro for Pakistan, new roads, rail, pipelines to be online 2017, 10,400 more megawatts-BBC (Too bad about the Arctic as tons more black carbon and dust from Asia construction will be carried there by high winds)
$15.5bn worth of coal, wind, solar and hydro will add 10,400 megawatts of energy to Pakistan's national
grid.
4/20/15, "China's Xi Jinping to unveil $46bn super highway to Pakistan," BBC
"China's President Xi Jinping has arrived in Pakistan, where he is expected to announce investment of $46bn (£30.7bn).
The
focus of the spending is on building a China-Pakistan Economic Corridor
(CPEC) - a network of roads, railway and pipelines between the two.
They will run some 3,000km (1,865 miles) from Gwadar in Pakistan to China's western Xinjiang region.
.
The projects will give China direct access to the Indian Ocean and beyond.
.
This
marks a major advance in China's plans to boost its economic influence
in Central and South Asia, correspondents say, and far exceeds US
spending in Pakistan.
.
"Pakistan, for China, is now of pivotal
importance. This has to succeed and be seen to succeed," Reuters quoted
Mushahid Hussain Sayed, chairman of the Pakistani parliament's defence
committee, as saying.
.
Pakistan, for its part, hopes the investment will boost its struggling economy and help end chronic power shortages.
.
Leaders are also expected to discuss co-operation on security. Mr
Xi will spend two days holding talks with his counterpart Mamnoon
Hussain, Prime Minister Nawaz Sharif and other ministers. He will
address parliament on Tuesday.
.
Deals worth some $28bn are ready to be signed during the visit, with the rest to follow. Under
the CPEC plan, China's government and banks will lend to Chinese
companies, so they can invest in projects as commercial ventures.
.
A network of roads, railways and energy developments will eventually stretch some 3,000km (1,865 miles).
.
Some
$15.5bn worth of coal, wind, solar and hydro energy projects will come
online by 2017 and add 10,400 megawatts of energy to Pakistan's national
grid, according to officials.
.
A $44m optical fibre cable between the two countries is also due to be built.
.
Pakistan, meanwhile, hopes the investment will enable it to transform itself into a regional economic hub.
.
Ahsan
Iqbal, the Pakistani minister overseeing the plan, told the AFP news
agency that these were "very substantial and tangible projects which
will have a significant transformative effect on Pakistan's economy". Mr
Xi is also expected to discuss security issues with Mr Sharif,
including China's concerns that Muslim separatists from Xinjiang are
linking up with Pakistani militants.
.
"China and Pakistan need to
align security concerns more closely to strengthen security
co-operation," he said in a statement to Pakistani media on Sunday.
.
"Our co-operation in the security and economic fields reinforce each other, and they must be advanced simultaneously.""
.
==========================
.
"Analysis: M Ilyas Khan, BBC News, Islamabad"
.
"Is
Pakistan on the verge of becoming the Asian Tiger Prime Minister Nawaz
Sharif said it would become when he was last in power in 1997? China
plans to inject some $46bn - just a little less than three times the
entire foreign direct investment Pakistan has received since 2008. Many
say Mr Sharif's penchant for "thinking big" and China's increasing need
to control maritime trade routes may well combine to pull off an
economic miracle in Pakistan over the next four years, when officials
say most of the projects being finalised today will reach completion.
.
But
there are questions over Pakistan's ability to absorb this investment
given its chronic problems with militancy, separatism, political
volatility and official corruption."
.
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