China Pakistan Economic Corridor (CPEC) | Updates & Discussions

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[ghazi52]

Pakistan gets yet another invitation offer from China

Pakistan has formally been invited to participate in the second China International Import Expo scheduled to be held at Shanghai in early November this year. According to details, the expo would provide a good chance to our manufacturers and producers to showcase their products at the expo in a bid to enhance exports to China .

The Chinese government had granted the status of “Guest of honour” to Pakistan to ensure the provision of all possible facilities and benefits to the Pakistani business community. According to the organizers, more than 500 companies from all over the world have confirmed participation in the expo

 

[ghazi52]

Momentum building behind CPEC again
March 14, 2019


• ML-1 reverts to EPC mode as China refuses BOT terms
• Work on Balochistan road project to begin soon
• List of projects in agri, health, education & other areas nears finalisation
• Agreement for Rashakai Special Economic Zone by 25th
• Gwadar International Airport groundbreaking by month end


ISLAMABAD: The government has decided to revert to the original plan of undertaking $8.2 billion Karachi to Peshawar Main Railway Line (ML-1) on engineering, procurement and construction (EPC) mode under previously agreed loan as part of the China-Pakistan Economic Corridor (CPEC).

Speaking to media persons after a meeting of the Cabinet Committee on CPEC, Minister for Planning and Development Makhdum Khusro Bakhtyar said the committee decided to undertake the ML-I project on the previously agreed terms of agreement, instead of Build, Own and Transfer (BOT) basis it considered earlier.

Mr Bakhtyar had announced in October last year that the PTI government would adopt a new model on the basis of financial viability of the ML-1 on BOT model so that its loan repayment did not become a responsibility of the government like the previous government which procured loans and built projects on EPC contracts.

Responding to a question, the minister said it had now decided that the project will be completed on EPC basis under the terms that had been agreed earlier. Regarding the mode and terms of Chinese loan, the minister said the final decision in this regard would be made in the light of the implementation committee recommendations.

The minister said an implementation committee on ML-I project headed by the railways minister was constituted to identify financial savings, phasing out the project, scope etc, within two weeks in order to fast-track the project.

Presided over by the planning minister the cabinet meeting was attended by members of the committee and secretaries of the federal ministries.

Originally, the previous government had agreed to China’s offer for a concessionary loan $8.2bn for ML-I project. China did not agree to change the ML-1 implementation model from EPC to BOT.

The minister further informed that the Cabinet Committee on CPEC has decided to launch an important road project of Western Route in Balochistan soon. He said previously no work was undertaken and people of those areas had developed feeling of deprivation.

Mr Bakhtyar said the committee also decided Sukkur-Hyderabad section on Eastern Route through built-operate and transfer (BOT) mode and National Highway Authority will complete its design as well as feasibility study and the project contract would be awarded within the current year with saving of around $2-2.5bn.

The minister said a team of Chinese experts that visited Pakistan a few days ago had discussions at different levels of the federal and provincial governments. List of the projects in agriculture, education, health, poverty alleviation, water supply and vocational training was being finalised and would be shared with China soon. A memorandum of understanding on socio-economic development would be signed to ensure early implementation of the projects with the cost of $400 to $500m in first phase, he said.

The minister also highlighted the significance of agricultural cooperation with China and said the newly established joint working group will meet in the first week of April in order to expedite cooperation for modernising the agriculture sector and utilise potentials for export maximisation.

It envisaged cooperation in meat, food supply chain, processing and co-branding, livestock and fisheries, enhancement of seeds quality, irrigations system and technology transfer, he added.

Bakhtyar said no headway was made in industrial cooperation sector over the last five years but the government prioritised this field by ensuring speedy implementation wherein concession agreement of Special Economic Zones at Rashakai, Khyber Pakhtunkhwa would be signed by March 25 while ground-breaking would be held next month.

He said the ground-breaking of New Gwadar International Airport would be made by end of this month for which arrangements were being finalised. The Cabinet Committee also accorded approval to CPEC Business Forum in order to create an interface with the business community.

The minister said that a link between government institutions and business community was missing since the inception of CPEC. “The newly established forum, comprising of leading businessmen from different sectors, would work as a bridge between the government and business sectors,” he added.

He clarified that none of the funds allocated for CPEC projects were diverted to any other purpose; rather allocation for other initiatives in Public Sector Development Programme (PSDP) were re-appropriated for sustainable development goals.

 

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[ghazi52]

China to complete Pakistan Karot hydropower project in 2021

May 08, 2019

Construction of the Karot hydropower project in Pakistan will be completed in two years and start power generation by April 2021, China Daily reported on Wednesday, citing the developer China Three Gorges Corp.

The project, with a total investment of $1.74 billion, will solve the power supply bottleneck in Pakistan and provide sustainable and stable energy support.

When completed, the 720-megawatt project that commenced construction in 2015 will annually produce some 3.2 billion kilowatt-hours of clean power, equivalent to 10 per cent of Pakistan's total energy output from hydropower stations in 2017, said the report.

Being the first investment project of the Silk Road Fund, the hydropower project will pay $23 million in taxes to the Pakistani government and provide more than 2,200 jobs for locals during the peak construction period, the paper reported.

While Pakistan has limited capital to develop its rich hydropower resources, the cooperation of Pakistan and China, a world leader in hydroelectricity generation, will benefit both sides, Zhang Boting, a senior analyst at the China Society for Hydropower Engineering, was quoted as saying.

 

[aziqbal]

Which is CPEC biggest project the railway or motorway?

 

[rott]

China to complete Pakistan Karot hydropower project in 2021

May 08, 2019

Construction of the Karot hydropower project in Pakistan will be completed in two years and start power generation by April 2021, China Daily reported on Wednesday, citing the developer China Three Gorges Corp.

The project, with a total investment of $1.74 billion, will solve the power supply bottleneck in Pakistan and provide sustainable and stable energy support.

When completed, the 720-megawatt project that commenced construction in 2015 will annually produce some 3.2 billion kilowatt-hours of clean power, equivalent to 10 per cent of Pakistan's total energy output from hydropower stations in 2017, said the report.

Being the first investment project of the Silk Road Fund, the hydropower project will pay $23 million in taxes to the Pakistani government and provide more than 2,200 jobs for locals during the peak construction period, the paper reported.

While Pakistan has limited capital to develop its rich hydropower resources, the cooperation of Pakistan and China, a world leader in hydroelectricity generation, will benefit both sides, Zhang Boting, a senior analyst at the China Society for Hydropower Engineering, was quoted as saying.

China will surely convert Pakistan into a developed country at this pace.

 

[ghazi52]

CPEC Western Route: Hakla to Pindi Gheb update

 

[PDFChamp]

Source

Pakistan and China launch four mega CPEC projects
Staff Report

May 27, 2019

Prime Minister Imran Khan and Chinese Vice President Wang Qishan Sunday launched four mega development projects in the fields of energy, technology and education under China-Pakistan Economic Corridor (CPEC).

Both the dignitaries unveiled the plaques of the four projects at a ceremony held here.

Under the first project, a transmission line of 660kv will be laid between Matiari and Lahore to transmit power from coal based plants located at Thar, Port Qasim and Hub. The project will have the capacity to supply 2000 MW with 10 percent overloaded capability for two hours.

The two leaders unveiled the plaque for Rashakai Special Economic Zone (RSEZ) project to promote industrialisation through optimally priced, world-class industrial infrastructure in Khyber Pakhtunkhwa province.

The RSEZ is situated centrally in the CPEC at the junction of Karakoram Corridor and ML-1 development corridor. It is set to become, and will be designed, to be the key trade and logistics hub connecting Kashgar, Kabul and Gwadar on the Belt and Road, and be a high-end host of international commercial, technological and manufacturing hub. The two leaders inaugurated the Confucius Institute at the University of Punjab. The institute mainly provides Chinese education, cultural promotion and cultural exchanges and other projects and activities.

The ceremony also marked the launching of Huawei Technical Support Center to be established in Pakistan as part of Chinese tech giant’s commitment to make massive investment in Pakistan.

 

[khansaheeb]

All roads to/from China lead to peace and prosperity

 

[Cool_Soldier]

Economy is backbone for any country.
Bright future ahead Inshaa Allah

 

[Pakhtoon yum]

How many cultural institutions does Pakistan have in China? This is a failure of foreign policy and relations

 

[Peaceful Civilian]

Wow, 2000MW from coal project.

 

[Yankee-stani]

How many cultural institutions does Pakistan have in China? This is a failure of foreign policy and relations

How many we have in other "brother" countries like Turkey,Azerbaijan, Iran or Saudi none I agree on soft culture we wasted two decades

 

[Pakhtoon yum]

How many we have in other "brother" countries like Turkey,Azerbaijan, Iran or Saudi none I agree on soft culture we wanted two decades

None, its ridiculous