50th CPEC progress review meeting today

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50th CPEC progress review meeting today



September 21, 2017

ISLAMABAD - The 50th China Pakistan Economic Corridor (CPEC) progress review meeting will consider the ongoing corridor projects and upcoming long-term plan on Thursday.


The Ministry of Planning, Development and Reforms will present CPEC long-term plan during the progress review meeting, official sources privy to the development told The Nation. The most import part of the CPEC is its long-term plan which will be completed in 2030 and that will bring five to eight times more investment ($300 to $400 billion) than the medium and short term plans, the official said.

The official said that the representatives of the provinces and Board and Investment (BoI) will brief the meeting on the agenda for respective Joint Working Groups (JWPs) meeting. The meeting will review the ongoing projects related to BoI, Ministry of Communication, Ministry of Port and Shipping, Aviation Division, Ministry of Railways, Ministry of Water and Power, government of Balochistan and Gwadar Development Authority (GDA). The meeting will also discuss the progress review on consortium of Business School and Pakistan Academy and Pakistan Academy of Social Sciences. Consultant on CPEC and Higher Education Commission (HEC) will share the progress in this regard. Meanwhile a statement issued here stated that to review progress on the ongoing projects and preparation for the upcoming Joint Working Groups meetings, 50th CPEC Progress Review meeting is scheduled on Thursday at Ministry of Planning, Development & Reform.

Interior Minister Ahsan Iqbal would chair the meeting. Officials from Chinese Embassy at Islamabad, Chinese companies and officials from Ministry of Planning and provincial governments would participate in the meeting. CPEC Progress Review, an important forum, has contributed immensely to ensure fast tracking of projects and ensured best monitoring. 50th meeting of this forum is a significant milestone for achieving tangible results. The forum will review progress on the ongoing projects including schedule and agenda of the next JWGs of energy, transport infrastructure, planning and Gwadar.

 

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Pak China agree to gear up CPEC work
09/25/2017 | 01:57pm


Pakistan and China agreed to take concrete measures to accelerate the pace of work with the objective to complete China Pakistan Economic Corridor(CPEC) related projects within the given timelines.

The fifth meeting of China-Pakistan Economic Corridor Joint Working Group on Transport Infrastructure was held on Saturday under the framework of China-Pakistan Economic Corridor (CPEC). Pakistan delegation was led by Siddique Memon, Secretary, Ministry of Communications while the Chinese delegation was headed by Dai Dongchang, Vice Minister of Ministry of Transport.

Both sides reviewed the progress of early harvest projects of infrastructure development. They pledged their commitment to achieve the targets set-forth by the leadership of two countries.

Various proposals of transport infrastructure projects of China-Pakistan Economic Corridor (CPEC) were deliberated and a way forward was agreed. It was realized that CPEC projects would foster economic activities and will be instrumental in facilitating transit trade through Gwadar Port.

Both side appreciated the progress made in strategic ML-1 project. It was agreed that all the procedural arrangements including commercial contract and financial close may be completed at the earliest so that work on the project could be started during the current year.

Road projects approved in 6th Joint Cooperation Committee (JCC) meeting and New Gwadar International Airport and East Bay Express Bay projects at Gwadar were also discussed and a road map was finalized.

The Chinese side appreciated the work of all the security agencies for their role in ensuring seamless security of Chinese nationals working on CPEC projects. It was agreed to recommend the Karachi Circular Railways project to 7th JCC whereas further work on other Mass Transit Projects was recommended for completion of project documents. In addition three short term infrastructure projects were also recommended to the next JCC meeting.

The Chinese side offered a comprehensive package for training and capacity building through courses and programs for Pakistani officials, engineers and technicians.

The meeting ended with a vote of thanks by the two sides. They resolved to continue their dialogue in future with the same spirit of understanding and cooperation between the two brotherly neighboring countries.

© Pakistan Press International, source Asianet-Pakistan