Once again, senior US diplomat Alice Wells criticized the $ 60 billion China-Pakistan Economic Corridor (CPEC), saying the project lacked transparency and would increase the debt burden on Pakistan. He said at an event here during his four-day visit to Pakistan that CPEC contracts have been given to companies banned by the World Bank. Wales is the Deputy Foreign Minister for South and Central Asia.
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According to media reports, CPEC is a planned network of road, railway and energy projects, connecting China's resource-rich Xinjiang Uygur Autonomous Region to Pakistan's strategic Gwadar Port on the Arabian Sea.
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In his statement, Wales had asked Pakistan in November last year to question China severely on CPEC as it could affect its economy. According to the report of the newspaper Dawn, Wales said that there is no transparency in CPEC and the financing of China is increasing the debt on Pakistan. He asked Pakistan to reconsider the project.