Silk Road Fund makes first investment

The 'Belt and Road Initiative' gets a major boost with Pakistan project, say experts

The Silk Road Fund's first overseas investment project is expected to demonstrate a new financing model that supports infrastructure construction and improves connectivity across the regions involved in the "Belt and Road Initiative", experts said on Tuesday.

The $40-billion Silk Road Fund, set up in December 2014, will inject capital in China Three Gorges South Asia Investment Ltd, a subsidiary of China Three Gorges Corp, to develop the Karot hydropower project on the Jhelum River in northeastern Pakistan.