Lanka electricity company

ISLAMABAD, Sept 30 (Reuters) - After lengthy delays, an $8.2 billion revamp of a colonial-era rail line snaking from the Arabian Sea to the foothills of the Hindu Kush has become a test of Pakistan’s ability to rethink signature Chinese “Silk Road” projects due to debt concerns. The rail megaproject linking the coastal metropolis of Karachi to the northwestern city of Peshawar is China’s biggest Belt and Road Initiative (BRI) project in Pakistan, but Islamabad has balked at the cost and financing terms. Resistance has stiffened under the new government of populist Prime Minister Imran Khan, who has voiced alarm about rising debt levels and says the country must wean itself off foreign loans. “We are seeing how to develop a model so the government of Pakistan wouldn’t have all the risk,” Khusro Bakhtyar, minister in Pakistan’s planning ministry, told reporters recently. The cooling of enthusiasm for China’s investments mirrors … [Read more...] about INSIGHT-Fearing debt trap, Pakistan rethinks Chinese “Silk Road”…

While Australian team Monash Motorsport scored a memorable 1-3 with its combustion car winning the event outright and its electric car team coming third behind Oxford Brookes Racing, one of the main talking points at this year’s event was the creation and introduction of a driverless element to the competition. The vehicles will be provided by StreetDrone, a company that has been set up by Mark Preston who is very well known in motor racing circles as a former Formula 1 technical director and currently the team principal of the TECHEETAH Formula E team. The StreetDrone ONE is an autonomous vehicle (AV) platform designed to open up self-driving technology to educational institutions, as well as programmers and developers outside the traditional car industry. The basis of the car is the Renault Twizy hatchback that has been modified to include 360 degree cameras, laser sensors, customisable panels and a fully customisable operating system. However, for Formula Student, it has come … [Read more...] about Driverless cars coming to Formula Student