CPEC power project sponsors to pay $0.15m each in security cost
Keeping in view the internal and external security threats to the multibillion-dollar China-Pakistan Economic Corridor (CPEC) projects, the government has issued a policy note instructing power project operators to pay protection cost so that they could be ensured sustainable security by special forces.
Project sponsors have been asked to pay $150,000 each in protection cost in the very first year. The cost will continue to increase 3% per annum for the remaining project life.
Published in The Express Tribune, 4th August, 2017.