In Pakistan, China presses built-in advantage for ‘Silk Road’ contracts

June 14, 2017 By Drazen Jorgic ISLAMABAD (Reuters) – Last year, Pakistan held informal talks with General Electric, Siemens and Switzerland’s ABB to build the country’s first high-voltage transmission line. Chinese power giant State Grid committed to building the $1.7 billion project in half the time of its European counterparts – and clinched the deal. This is a familiar tale in Pakistan and many other countries. As China makes its “Belt and Road” initiative – a massive project to connect Asia with Africa and Europe through land and maritime routes…

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