The projects included equipment maintenance facilities, training areas and schools for military families. Some of the projects are planned within US soil while some are to be located in other countries.
The prize recognizes their services toward Pakistan and strengthening of China-Pakistan relations, the embassy said.
The program allows local governments to exchange higher-cost loans with lower-cost bonds, saving them interest costs while also giving lenders higher liquidity on their receivables.
The program also joined Oasis' food bank network. Partners within the network share information about obtaining donated products-usually food items close to their "best before" dates from supermarkets and producers or excess from restaurants-so that the food can be redistributed to the nearest recipients.
The project, the highest-altitude photovoltaic power plant in Latin America at 4,200 meters above sea level, will provide valuable experience in green energy development, create jobs for local people and promote local economic development, the company said.
The project also includes 80,000 square feet of retail space above a seven-story parking garage. About 20,000 feet of the retail space will be dedicated to a “organic food market.” Given that Amazon is now the owner of Whole Foods Market, a downtown location makes sense, but Johnson wouldn’t comment on that.
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The project has also won support from various sectors, including many government officials and the business community.
The projects were mainly in high-tech and transportation industries, according to Meng Wei, a spokesperson with the National Development and Reform Commission.
The project started in December 2016 and is scheduled to be completed and open to traffic in December 2021.
The professor believed that usage of yuan will facilitate Chinese companies coming to Pakistan for investment under the China-Pakistan Economic Corridor (CPEC), a project aimed at promoting cooperative initiatives and projects including regional connectivity, financial cooperation, information network infrastructure, energy cooperation, industries, agricultural development, poverty alleviation, and tourism.