The ADAR India Pvt. Ltd. celebrated installation of over 50,000 Smart Meters for Assam Power Distribution Corporation Limited (APDCL) in Assam AMI (Advanced Meter Infrastructure) Project.
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Pakistan agrees to borrow $6b for ML-I railway project in both Chinese, US currencies
The ML-I project includes dualisation and upgrading of the 1,872km railway track from Peshawar to Karachi and is a major milestone for the second phase of CPEC. PHOTO: FILE
ISLAMABAD:
Pakistan has agreed to borrow $6 billion in both Chinese and US currencies for the largest project of China-Pakistan Economic Corridor (CPEC) and has also softened its position on interest cost, as it seeks early finalisation of a deal to start construction on the rail project.
The government shared a revised loan term sheet with Beijing three weeks ago for securing the loan for Mainline-I (ML-I) project of Pakistan Railways, changing its position on interest rate and loan currency, said officials in the Ministry of Railways.