China reluctant to clear $6 billion loan for CPEC project Top Searches China reluctant to clear $6 billion loan for CPEC project ANI / May 9, 2021, 15:09 IST FacebookTwitterLinkedinEMail ISLAMABAD: China has shown reluctance to clear a $6 billion loan for the single largest project under the China-Pakistan Economic Corridor (CPEC) due to the growing concern over mounting debt. The cost of the Mainline-I (ML-I) railway project was initially $9 billion but later it was reduced gradually to $6.8 billion. According to a report in The Express Tribune, Chinese authorities are wary of Pakistan's ability to service its debt. "Beijing conveyed its concerns during a meeting held on March 30 to discuss financing modalities of the project," the Pakistan government officials said as per the report.