China's Silk Road Fund Makes First investment in Pakistan's Hydropower Project
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The Three Gorges Dam, the world's largest hydropower installation and the showcase hydropower project constructed by the China Three Gorges Corporation.[Photo: agencies]

The first project involving China's 40-billion US dollar Silk Road Investment Fund has been announced.

The Chinese Fund is going to invest 1.6-billion US dollar in the Karot hydropower project in Pakistan.

Money itself will be channeled to the China Three Gorges Corporation, which is building the hydropower facility in Pakistan.

Construction of the Karot project is expected to begin at the end of this year and finished by 2020.

The project itself is part of the broader China-Pakistan Economic Corridor initiative.

Author： 　　　Source：CRI　　　 Editor：Yang Fan