- Only most favourable loan terms to be selected from commitments.
- Reko Diq projected to generate $74bn in free cash flows in 37 years.
- Officials confident of executing project within original cost of $6.7bn.
ISLAMABAD: Marking a key breakthrough for Pakistan’s mining sector, Reko Diq Mining Company (RDMC) has secured over $5.5 billion in financing commitments from international financial institutions (IFIs), surpassing its actual funding requirement of $3.74 billion, The News reported on Wednesday.
The $7.48 billion project located in Balochistan’s Chagai district is being developed under a 50:50 debt-to-equity model and is expected to commence construction in December 2025, with commercial operations targeted for 2028.
The US Export-Import Bank (EXIM) has committed approximately $1 billion, while the Japan Bank for International Cooperation (JBIC) has agreed to provide $300 million.
From : Geo News