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China wins bid to build Pakistan highway
China Railway Construction Corp said Wednesday it has secured a 9.38 billion yuan (1.46 billion dollar) contract jointly with a Pakistani company to build a highway in Pakistan
Beijing
The company said that its unit, China Railway 20th Bureau Group Co, and Zahir Khan & Brothers Engineers & Constructors won the bid to build a 1,152 km section of a highway between Karachi and Lahore in Pakistan. Earlier this year, Pakistan and China signed energy and infrastructure deals worth 46 billion dollar, under the framework of what is called the China-Pakistan Economic Corridor. China and Pakistan call each other “all-weather friends” and share close business, diplomatic and security ties.
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