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Pakistan's delegation to China this week a $32 billion investment projects

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Ahmed chalabi mulberry, Iqbal (Ahsan Iqbal) in Pakistan's planning and development in the room. Behind him hung a poster, it read: Pakistan in 2025, in order to better tomorrow together.

Iqbal is Pakistan's planning and development minister, he led the department is china-pakistan economic corridor planning major Palestinian makers. In Pakistan in 2025, he says, the vision, part of the china-pakistan economic corridor will be ignored. Since the Pakistani prime minister nawaz sharif took office last year, the economic development as the administration's priorities. Iqbal business CARDS printed with the words: a strong economy, a strong Pakistan.

Last may, in China's state council premier li keqiang, during a visit to Pakistan china-pakistan economic corridor was formally on the agenda. In the past years, the economic corridor into china-pakistan relations is frequently mentioned in a topic, around the preparation of the construction of the economic corridor is gradual. Pakistan's ambassador masood khaled to 21st century business herald reporters that china-pakistan economic corridor are marching from the planning stage to the stage of implementation.

Iqbal's goal is more clear, he said to the reporter in the 21st century economy, hope early china-pakistan economic corridor project can start in this year, and try to be completed in 2017. In accordance with the plan, china-pakistan economic corridor construction will be completed in 2030 as a whole.

Construction work into the "fast track"

In may last year, li keqiang, during a visit to Pakistan to formulating the china-pakistan economic corridor vision, steadily push forward the economic construction of the corridor. During the visit, China signed the "about china-pakistan economic corridor vision cooperation memorandum of understanding. At the end of the li keqiang to visit Pakistan for more than a month later, Pakistani prime minister nawaz sharif visited Beijing, during the visit, China and Pakistan signed a framework agreement to build economic corridor.

To promote the vision to develop china-pakistan economic corridor, the two countries established the China and Pakistan economic corridor vision united cooperation committee, respectively by the national development and reform commission and Pakistan plans and development to take the lead.

Last August, China and Pakistan economic corridor vision united cooperation committee held a meeting for the first time in the Pakistani capital Islamabad, the meeting decided to implement the china-pakistan economic corridor project as soon as possible. During his visit to China in February this year, in Pakistan's President hussein, joint committee held a second meeting, list of china-pakistan economic corridor project are discussed. In order to better promote china-pakistan economic corridor construction, set up three joint committee working group, respectively, comprehensive planning, transportation infrastructure and energy.

During a visit by President hussein in Pakistan, China released a joint statement, the statement said china-pakistan economic corridor construction with development strategies, the two countries will help the two countries economic development and improve people's livelihood and promote common development and prosperity in the region. The two leaders urged relevant departments to accelerate advance china-pakistan economic corridor construction on both sides. The two sides should make joint efforts to ensure that china-pakistan economic corridor forming, as soon as possible and achieved tangible results. China-pakistan economic corridor construction so far into the "fast track".

"A year ago, China and Pakistan economic corridor is only a concept. We set up three working groups, to comb the potential project. In February, we finally finished the project list, from the concept of a specific to each project." Iqbal said.

China-pakistan economic corridor planning includes a rail link between the two countries. Iqbal said that China and Pakistan railways in the feasibility study is ongoing, is expected to be completed within one year.

Zhang chunlin, director of the China's xinjiang uygur autonomous region development and reform commission (NDRC) said recently that the Chinese government has allocated funds, to build China railway were studied. The railway will be connected in xinjiang autonomous region in the western city of kashgar and most deepwater port of gwadar, Pakistan will also through the Pakistani capital Islamabad and the southern city of Karachi. The planned 1800 km of railway will cross the pamirs and the karakoram range.

China-pakistan economic corridor planning not only covers the channel construction and, more important is to drive along with major projects, which includes both the highway, railway and other transportation facilities, including energy such as oil and gas pipeline project and the content, such as industrial zone, special economic zones.

Iqbal when accepting a reporter to interview, in Pakistan's parliament is debating the budget 2014-15, china-pakistan economic corridor is one of the hot topics. China-pakistan economic corridor, lawmakers have said will change the original line, the original planning of the eastern and western route will only keep the eastern front, and the west will be cancelled, the members of the route of the west region were upset.

East of Karachi - Lahore china-pakistan economic corridor - gwadar, route of the west route for Islamabad - dera ismail khan - Della ghazi khan - gwadar. Iqbal to clarify the 21st century economic report, the government did not change the economic corridor route, just complete the eastern route project before decided to concentrate on the west. "Said economic corridor to change course have their political intention." Iqbal said. Eastern along the project will be completed earlier than the west, is expected to be completed in four or five years.

In view of the commercial viability, most of eastern route project will adopt BOT (construction - operation - transfer) mode. The Chinese government will also offer preferential loans, the Pakistani government will provide a limited budget. Compared with eastern and western engineering cost is higher, need more investment.

30 projects need to invest $32 billion

Pakistan's project planning and development department, according to a list of china-pakistan economic corridor has identified the project with a total of 30, including from ray walcott, Hera to Islamabad's karakoram highway phase ii, Karachi and Lahore highway multan instead, stretch, Hector waley Yang anhydrous port, Lahore, rail transit line orange project, fiber optic cable construction, terrestrial digital TV transmission system (DTMB) landing in Pakistan, gwadar port east coast highway, new gwadar international airport, gwadar supply water purification and transportation engineering, technical and vocational institute gwadar china-pakistan, gwadar hospital, gwadar port dredging engineering, gwadar, baluchistan and dani wharf and breakwater construction and infrastructure construction, dani from Canada to Lahore faisal's electricity transmission project, tal coal mining projects, tal power-stations, dani, jasim port power-stations power-stations, punjab province west anwar power-stations, hala hydropower station project, the parrot hydroelectric project, the sukkiims kellner in hydroelectric project, project Xie Hu Boolean power-stations, etc.

Project, according to a list gwadar will occupies an important position in the economic corridor between China and Pakistan. Islamabad policy researcher at the institute Aftab said Hussain, why gwadar important to China? As compared to the strait of malacca route, it can provide the shortest distance and the safest route. Iqbal said, the use of gwadar port can transport the goods to China not only, also can help Chinese foreign aid.

In February last year, the Pakistani government officially gwadar right from the port authority of Singapore, handed over to a Chinese company. China-pakistan economic corridor construction will make gwadar to give full play to the role. In the absence of china-pakistan economic corridor, the goods was shipped from China's xinjiang to around a big circle to reach port in Pakistan. Starting from urumqi, via Shanghai arrived at gwadar distance of 15858 km; Once built china-pakistan economic corridor, the mileage can be cut to 4712 km. China-pakistan economic corridor will also make the distance from urumqi to dubai and London respectively from the original 16833 km and 27436 km to 5772 km and 16552 km, and save time and cost effectively.

In economic corridor project list, distribution in different parts of the electric power construction projects account for more than a third. Power shortage is a serious problem facing Pakistan, the summer electricity shortfall of 5000 megawatts. Reporter in Pakistan during the interview, every day by a power outage, whether in the government organizations, think tanks, office or in the hotel.

Pakistan's punjab province in the east is Pakistan's most populous province. Punjab's chief minister, Hector buzz sharif, introduce to the 21st century economic report, economic corridor between China and Pakistan will have multiple projects in the punjab province construction, including highways, power stations, such as rail transportation project. "Electricity crisis is a serious problem that restrict the development of our industry." Shahbaz said.

China-pakistan economic corridor has certain project needs about $32 billion of investment. Iqbal, according to the first week in July, Pakistan will be sent a delegation to China to discuss economic corridor construction financing problems. "This is the last stage of the plan, after the implementation of this problem, we are going to start building." He said.

Iqbal, china-pakistan economic corridor project loans will come mainly from the export-import bank of China and China development bank. As a result of china-pakistan economic corridor involving Chinese financing loans, so the project will be completed by Chinese companies, especially state-owned enterprises in China. Iqbal hope to attend china-pakistan economic corridor construction of Chinese enterprise to do two things: one is to create employment opportunities for local people as far as possible, the second is technology transfer.

In the face of china-pakistan economic corridor this huge project, Pakistan hopes to first started from the early harvest program, these projects mainly include energy and infrastructure projects. Iqbal said china-pakistan economic corridor in 4-5 years important plans include upgrading the karakoram highway (KKH), Karachi and Lahore expressway, gwadar highway, gwadar new international airports, power plants, water projects and other development projects, including the hospital.

Energy in the field of project including IPP to the construction mode of independent power plant 20000 mw energy projects, power transmission line, 1000 megawatts of bahawalpur solar park project and near Karachi 220 megawatts of renewable solar projects.

"In terms of energy projects, China's investment in the company will be based on commercial principles of ensuring return." Iqbal said.

On May 6, Pakistan jasim port 1320 mw thermal power project ceremony held in the southern city of Karachi, this is the first in the field of china-pakistan economic corridor energy projects. The project by the Chinese in turbine (2.79, 0.00, 0.00%), and Qatar investment banking joint investment and development, is expected to be operating at the end of 2017. Pakistani prime minister nawaz sharif, attended the ceremony, he said in his speech, given the strong support for this project in China, the traditional friendship between China and Pakistan.

 
Good share, thanks! Are their any other articles in mainstream Chinese press about Chinese projects in Pakistan?


Punjab's chief minister, Hector buzz sharif

I like it. Hector "Buzz" Sharif. I really like this name.
 
Can anyone tell me what happened to this:

inv.jpg

Same thing will happen to above news...
As per the past experience..
 

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