Chinese company to improve Pakistan's rail infrastructure

2015-05-14 14:27:54
Summary:China Railway Signal and Communication Co Ltd is expanding its business in Pakistan and helping to improve the l
China Railway Signal and Communication Co Ltd is expanding its business in Pakistan and helping to improve the local infrastructure. 
 
The move shows that the CRSC is playing an active role in advancing the national "One Belt, One Road" initiative, according to the company. 
 
Amid the weak recovery of the global economy, Chinese President Xi Jinping proposed jointly building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road during his visit to Central Asia and Southeast Asia in September 2014, in a bid to increase exchanges along the ancient trade route. 
 
On the heel of the "One Belt, One Road" initiative that has already attracted attention from around the world, the recent release of the Vision and Actions on Jointly Building the Silk Road Economic Belt and 21st-Century Maritime Silk Road has once again put the regional cooperation in the limelight. 
 
In response, the CRSC is accelerating its pace in exploring markets abroad, especially along the route. 
 
As an important stakeholder in the region, Pakistan is short of rail infrastructure and its related equipment is almost obsolete. 
 
The shortage and obsolescence causes frequent interruptions of mass transportation. 
 

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