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11 China-Pakistan Economic Corridor project completed

Infra News - Published on Fri, 11 Jan 2019

Image Source: Pakistan Observer
Tribune reported that construction of China-Pakistan Economic Corridor project a rare development opportunity in Pakistan’s history has entered the harvest stage with 11 projects completed and as many in the final stage of completion. Chahar Institute senior fellow Cheng Xizhong in his article published in the China Economic Net said that “Although Pakistan has many difficulties now, I think Pakistan is having a rare development opportunity in its history. The construction of the CPEC has entered the harvest period with 11 projects completed and 11 others in the final stage of construction.”

He said that “These days, there is a lot of good news about power plant construction. Unit one of Hub Power Plant has been connected successfully and will soon be put to commercial operation. Qasim Coal-Fired Power Plant has generated 7.559 billion kWh of electricity and paid more than $167 million in tax to the Pakistani government. With the successful operation of several large-scale power stations under the corridor framework, Pakistan’s power shortage is being significantly improved, thus providing a tremendous impetus for the country’s overall and rapid development.”

At the same time, he said the transportation infrastructure construction under the CPEC framework would lead to the development of special economic zones, industrial parks, processing and manufacturing zones, science and technology parks and service industries along the corridor.

He added that “It will not only promote the development of industrialisation and science and technology, but also create a large number of employment opportunities, train plenty of technical personnel, and enhance the country’s export capability.”

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Posted By : Joykumar Irom on Fri, 11 Jan 2019
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