According to a report released on Thursday, China has proposed its most expensive Belt and Road Initiative yet, a $58 billion train link, a railway that would connect Pakistan to western China.
According to the South China Morning Post, analysts from the state-owned China Railway First Survey and Design Institute Group Co Ltd. evaluated the proposal, which was estimated to cost 57.7 billion dollars, and they came to the conclusion that the investment will be profitable despite the high price tag.
The assessment board for the plan believes that the 1,860-mile rail line that would connect Pakistan’s port of Gwadar to the Chinese city of Kashgar in the Xinjiang Uygur autonomous region has the potential to transform not just trade but also geopolitics. The two cities are located in the Xinjiang Uygur autonomous area.
The planned railway that would connect the Gwadar Post and Kashgar in Xinjiang has strategic importance and “the potential to change trade and geopolitics.”
Scientists from the China Railway First Survey and Design Institute Group who looked at the railway said that the new project should be backed. It was led by Zhang Ling, who was the deputy head of capital operations.
According to the story, the infrastructure will give Pakistan a much-needed boost, and it will be easy for Pakistan to deal with China.
The train project will also make it easier for countries along the old Silk Road trade lines to talk to each other. The study also showed that the project is part of a plan to make less use of roads that are controlled by the West.
Researchers said that the project should lead to more jobs, more investment in infrastructure, and more trade.