E-Paper | July 27, 2024

11 CPEC projects completed, 11 more 'under construction': report

Dawn.com Published December 31, 2018
$18.9 billion have been invested in the 22 existing CPEC projects, according to a progress report issued by the Embassy of China in Pakistan. — Reuters/File
$18.9 billion have been invested in the 22 existing CPEC projects, according to a progress report issued by the Embassy of China in Pakistan. — Reuters/File

Eleven development projects of the China-Pakistan Economic Corridor (CPEC) have been completed so far while 11 others are "under construction", Radio Pakistan reported on Monday.

Based on the latest progress report on CPEC issued by the Embassy of China in Pakistan on Saturday, around $18.9 billion have been invested in the 22 projects. Twenty more projects remain in the pipeline.

According to the report, 15 energy projects with total generation capacity of 11,110MW were planned as a priority. Seven have been completed while six are "under construction" with a total capacity of 6,910MW.

As per the report, three projects regarding infrastructure are "under construction" — the Karakoram Highway Phase-II (Havelian-Thakot section), Karachi-Lahore Motorway (Sukkur-Multan section) and Lahore Orange Line Metro Train Project.

"CPEC is a major and pilot project of the Belt and Road Initiative and one major platform for comprehensive and substantive cooperation between China and Pakistan," the report stated.

The project is believed to be the crown jewel of China's One Belt One Road initiative, a massive global infrastructure programme to revive the ancient Silk Road and connect Chinese companies to new markets around the world.

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Comments (12) Closed
Fayaz
Dec 31, 2018 02:37pm
What are the 11 projects completed, nothing has been mentioned and 11 more under construction, not much written.
Recommend 0
Pro Democracy
Dec 31, 2018 02:43pm
All planned, designed and executed in last PMLN government. PTI is just talking, no substantial solid work
Recommend 0
Bd in
Dec 31, 2018 02:46pm
Always trust radio pakistan since 71. Naya pakistan 50% work is there to be seen
Recommend 0
Javed Mahmood
Dec 31, 2018 04:27pm
US$18 billion invested in Pakistan under CPEC projects seems a good development. But official foreign investment data of State Bank of Pakistan and Pak govt showing no investment like this. Why this investment is not being reflected in Pakistan's official record and reports of State Bank. Every month State Bank issues data of foreign investment that is not showing any Chinese investment under CPEC. Why???
Recommend 0
Saif Zulfiqar
Dec 31, 2018 05:12pm
Long live Pakistan-China friendship.
Recommend 0
Javed
Dec 31, 2018 05:27pm
Wow! And no visible benefits.
Recommend 0
PAK-1
Dec 31, 2018 05:41pm
Official SBP records telling different storey, Last 3 years average FDI was less than 2 Billion Dollar per year
Recommend 0
Kashkolistan
Dec 31, 2018 05:51pm
@Javed Mahmood, " Why this investment is not being reflected in Pakistan's official record and reports of State Bank" This CPEC "investment" of $18B will reflect in loan book of Pakistan
Recommend 0
Wazir 1
Dec 31, 2018 05:57pm
CPEC projects should be completed on priority basis. A country sans infrastructural development is the poorest one in the world. The incumbent government needs to accomplish the proposed projects expeditiously and without any hurdle.
Recommend 0
Anas Iqbal
Dec 31, 2018 06:04pm
Best wishes for Pakistan and China and also for our neighbors. Promote peace, live happily even if one has to live with lesser means.
Recommend 0
Justicefirst
Jan 01, 2019 12:23am
We are living in digital age and all projects with complete details to be available on government website under CPEC and the general public can make queries/ observations on the project and their reply given by the concerned.In this way we have permanent updated forum available.
Recommend 0
Orakzai
Jan 01, 2019 01:44am
and thousands Pakistani engineers are wandering here and there jobless
Recommend 0

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