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11 CPEC projects completed, 11 more 'under construction': report
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.
Comments (12) Closed
What are the 11 projects completed, nothing has been mentioned and 11 more under construction, not much written.
All planned, designed and executed in last PMLN government. PTI is just talking, no substantial solid work
Always trust radio pakistan since 71. Naya pakistan 50% work is there to be seen
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???
Long live Pakistan-China friendship.
Wow! And no visible benefits.
Official SBP records telling different storey, Last 3 years average FDI was less than 2 Billion Dollar per year
@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
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.
Best wishes for Pakistan and China and also for our neighbors. Promote peace, live happily even if one has to live with lesser means.
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.
and thousands Pakistani engineers are wandering here and there jobless