China’s One Belt One Road loans up to $100 billion in total

China has lent $100 billion so far for One Belt and One Road projects.

The Hassyan clean coal project in the United Arab Emirates received two loans worth $2.3 billion, a gas transporter based in Azerbaijan secured $600 million and Pakistan won $400 million. Other debtor countries include Oman, Indonesia, Bangladesh, India and Tajikistan.

Thomas Hugger, chief executive officer and founder of Asia Frontier Capital Ltd., expects Pakistan to gain “significantly” from the initiative, thanks to the China–Pakistan Economic Corridor, which has lured $46 billion in investment commitments from China. “Besides Pakistan, the Central Asian economies especially Kazakhstan should benefit. Iran, Sri Lanka, Bangladesh and Myanmar can also benefit.”