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Showing posts from June 12, 2021

Belt and Road Monitor: June 11

RWR Belt and Road Monitor (Standard): June 11 RWR Advisory Group Top Developments CHEC to Become First Foreign Company to Own a Highway in Sri Lanka On May 27, China Harbor Engineering Company (CHEC) was awarded a 17 km four-lane highway project from the Sri Lankan government with a total investment of about $690 million (although feasibility studies have placed the cost at potentially $1 billion). The project, which will be operated and maintained by the company for 15 years before being turned over to the local government, passes through towns in Colombo, including Kolonnawa, Madinnagoda, Rajagiriya, Kuda Buthgamuwa, Battaramulla, Kottawa, Pothuarawa and Hokandara, and is also connected to the outer ring highway of Athurugiriya. The award came one week after the government conferred tax-free status to Colombo Port City, which was also built and owned (on a 99 year lease) by CHEC. The work content includes the design, construction, financing, operation, maintenance and transfer of the

Pakistan's Gwadar loses luster as Saudis shift $10bn deal to Karachi

Infrastructure gaps behind Riyadh's decision to move oil refinery to more developed area Cranes tower above a wharf at the port of Gwadar, Pakistan, in October 2017. Until the recent decision by Saudi Arabia, the city was being touted as the future "Singapore of Pakistan."   © AP ADNAN AAMIR, Contributing writer June 13, 2021 11:00 JST KARACHI -- Saudi Arabia has decided to shift a proposed $10 billion oil refinery to Karachi from Gwadar, the center stage of the Belt and Road Initiative in Pakistan, further supporting the impression that the port city is losing its importance as a mega-investment hub. On June 2, Tabish Gauhar, the special assistant to Pakistan's prime minister on power and petroleum, told the media that Saudi Arabia will not build the refinery at Gwadar but will construct it along with a petrochemical complex somewhere near Karachi. He added that in the next five years another refinery with a capacity of over 200,000 barrels a day could be built in Pa

G7 backs Biden infrastructure plan to rival China’s belt and road initiative

Scheme is part of wider push for G7 leaders to question China on human rights, Taiwan and Covid-19 Patrick Wintour , Diplomatic Editor Sat 12 Jun 2021 10.04 EDT The G7 group of rich nations has agreed plans to set up an alternative to China’s belt and road initiative as part of a broad push back against Beijing covering human rights, supply chains, support for Taiwan and demands to reveal more about the origins of the Covid-19 pandemic. Some G7 leaders, however, including the Italian prime minister, Mario Draghi, the current chair of the G20, have urged  Joe Biden  not to push competition with China to the extent that it prevents cooperation on other vital issues such as the climate crisis. The EU is also pressing the US to back a legally binding code of conduct for the South China Sea that Beijing has been negotiating with regional powers. Draghi, an Atlantacist, has shifted Italy away from the near pro-China policies of the previous Italian government led by the Five Star Movement, b

Women in Balochistan

Published   13 Jun, 2021   07:24am EDITORIAL THE Balochistan government seems to be taking steps to improve women’s integration into society and the workforce in the province. In October 2020, the provincial cabinet approved the Balochistan Gender Equality and Women Empowerment Policy, 2020-2024. To implement this policy, the government has launched the Governance and Policy Project Balochistan that aims to improve gender integration into the public sector. The project has been launched with help from foreign donors to ensure the comprehensive application of the gender empowerment policy which would help pave the way for achieving SDG 5 that relates to gender equality. Women across the country are disenfranchised to a large degree because of patriarchal values that are ingrained in every sector and class. In the case of Balochistan, the tribal culture reinforces the barriers that already exist. The overall literacy rate for women in Pakistan is around 52pc while only 33.5pc of women in