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Belt and Road

China ignores India over dam project in Pakistani Kashmir

Debt-laden Islamabad gets Beijing funds for joint venture opposed by Delhi

Pakistan has secured funding from China for a major hydropower joint venture in Kashmir, but the loan terms have not been revealed.     © Reuters

KARACHI -- In a move that has seriously displeased India and tightened economic relations with China, Pakistan has awarded a contract to a Chinese-Pakistani joint venture to build a dam in the long-disputed Kashmir region.

The initial phase of the Diamer Bhasha dam project, worth 442 billion Pakistan rupees ($2.75 billion), has been awarded to a joint venture between Power Construction Corporation of China and the Pakistan Army's Frontier Works Organization on a 70:30 basis.

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