Pak-China Economic corridor, details and implications.

[Kabira]

All of it, or NONE of it is the keyword here. Agreed!

Sorry not happening, if someone want to stay backward rest of Pakistanis are not responsible for them.

 

[ajpirzada]

To another question, he said that no fund of CPEC project would be used in any 'orange line' or metro bus project of Punjab adding that Punjab government was spending all amount on such projects from its own provincial budget.

it seems 'Orange line' is being funded by a loan agreement between Punjab Govt and Chinese govt. If this is so then atleast one of my reservation stands removed.

 

[Muhammad Omar]

it seems 'Orange line' is being funded by a loan agreement between Punjab Govt and Chinese govt. If this is so then atleast one of my reservation stands removed.

Build Operate Transfer i guess

 

[ajpirzada]

Build Operate Transfer i guess

no idea.. but Ahsan Iqbal's statement is giving the impression that its not the Federal Government borrowing money for Orange line but the Punjab govt. I hope im right in my understanding.

 

[Muhammad Omar]

no idea.. but Ahsan Iqbal's statement is giving the impression that its not the Federal Government borrowing money for Orange line but the Punjab govt. I hope im right in my understanding.

Yes Its Punjab Gov Project not Federal

 

[ajpirzada]

@Jungibaaz please merge the following link with this thread

China-Pak Economic Corridor: Project Details

 

[fatman17]

If Pakistan screws this up its probably curtains for our economy. Internal petty issues need to be brushed aside for the greater good of the country

 

[fatman17]

PML-N’S golden goose the Chinese

 

[fatman17]

Roads and Railways are key part of the Chinese investments

 

[Muhammad Omar]

Government allocates Rs194b for corridor projects

ISLAMABAD:

In an attempt to fast track work on completing the missing links of the China Pakistan Economic Corridor (CPEC), the federal government has proposed one-third or Rs194 billion allocations for the corridor projects in the new budget.

The huge allocations are made to complete the missing links on trade route corridors besides initiating feasibility studies to link Khunjerab with other parts of the country through rail link. The maximum allocations are proposed for the road sector projects, according to the Ministry of Planning’s estimates.

About two and a half dozen projects valuing Rs842 billion are proposed to be included in the federal Public Sector Development Programme (PSDP) 2015-16. For the first year, Rs194 billion have been allocated for carrying on work on these medium and large sized projects, which are 33% of the proposed budget of Rs580 billion.

In order to provide security for CPEC and Chinese citizens working in Pakistan, a project to raise 28 wings of Civil Armed Forces has also been included in the new PSDP. The government has proposed Rs3.5 billion allocation for the new fiscal year while the total cost of the project is Rs7.5 billion. The money allocated for raising nine battalions of Pakistan Army is over and above this cost.

The government has allocated Rs71.3 billion for the construction of a 387-kilometre long Multan-Sukkur section of the eastern route project. The total cost of this road project is Rs259.3 billion. For the 296-km long Sukkur-Hyderabad section of the eastern route of the CPEC, the government has decided to allocate Rs10.5 billion in the new fiscal year. The total cost of this project is Rs148 billion and it has yet to be approved by the competent authorities.

The government has also decided to construct a 230-km long Lahore-Abdul Hakeem section at a cost of Rs131 billion. For the new fiscal year, it has proposed Rs40 billion to carry out work on this project, which has not yet been approved.

Similarly, for the construction of the 120km Thakot to Havelian section, the government has proposed Rs28.5 billion allocation; the total cost of this project is Rs95.4 billion. For acquisition of land for this project, the government has allocated another Rs6 billion.

Similarly, for the construction of Islamabad-Dera Ismail Khan road, which will link the eastern route with the central route, the government has proposed Rs6.8 billion while the total cost of this project is Rs55 billion.

The government has additionally proposed Rs1.8 billion allocation for the construction on Burhan-Havelian road section, having total estimated cost of Rs39.5 billion.

For the construction of a new road to The Gwadar International Airport, the government has proposed Rs503 million and Rs30 million have been allocated for the new fiscal year.

In order to meet contingency requirements of the CPEC projects, the Ministry of Planning and Development has kept Rs8.3 billion as spared funds, which will be provided to meet the financing gaps.

To complete work on the Gwadar port, the government has proposed seven projects worth Rs41.6 billion. It has allocated Rs9.2 billion for the next year. These projects include construction of breakway waters, capital dredging of berthing areas, infrastructure development for Export Processing Zone Authority, Pak-China Technical and Vocational Centre and upgradation of existing 50-bed hospital to 300-bed hospital at Gwadar.

The government has also proposed Rs4.7 billion allocation for construction of Eastbay Express way that will link Gwadar with the coastal highway. The total cost of the project is Rs14.1 billion.
Development projects

Funds Allocated
Multan-Sukkur section of eastern route

Rs71.3b
Sukkur-Hyderabad section of the eastern route

Rs10.5b
Lahore-Abdul Hakeem section

Rs131b
Thakot to Havelian section

Rs28.5b
Islamabad-Dera Ismail Khan road

Rs6.8b
Burhan-Havelian road section

Rs1.8b
New road to the Gwadar International Airport

Rs30m
Seven projects on Gwadar port

Rs9.2b
Eastbay Express Way

Rs4.7b

Published in The Express Tribune, May 28th, 2015.

 

[Muhammad Omar]

Mammoth Rs 359.4b budget allotted for 19 CPEC projects

National
May 26, 2015 BY AMER SIAL
images (14)


The government on Tuesday finalised a mammoth Rs 359.4 billion for 19 development projects under the China Pakistan Economic Corridor (CPEC) for next financial year’s Public Sector Development Programme (PSDP).

This was decided at the Annual Plan Coordination Committee (APCC), chaired by the Minister for Planning Ahsan Iqbal. The APCC helped finalise the development outlay for the next financial year.

According to the details, overall the development spending is estimated to be over Rs 1,400 billion during the next financial year, including a Rs 838 billion provincial component. The total cost of projects under CPEC is estimated to be Rs 1.122 trillion, while during the next financial year the allocation will be Rs 359.4 billion, out of which Rs 234.4 billion have been allocated for road and infrastructure projects while Rs 125 billion have been allocated for LNG based power projects. The government has allocated Rs 200 billion for highways, Rs 40 billion for railways while higher education gets an allocation of Rs 21 billion.

The allocation approved under CPEC projects is
Rs 7 billion for New Gwadar International Airport,
Rs 1 billion for land acquisition of Karachi – Lahore Motorway,
Rs 76 billion for 387 km long Multan – Sukkur Motorway,
Rs 10.6 billion for Lahore – Abdul Hakeem Road,
Rs 12.4 billion for Sukkur – Hyderabad Road,
Rs 74.5 billion for Raikot – Havelian – Islamabad Road,
Rs 28.5 billion for KKH Thakot- Havelian Road,
Rs 6 billion for Thakot to Havelian Road,
Rs 4 billion for Construction of Break Waters (CPEC),
Rs 4.7 billion for Construction of Eastbay Expressway,
Rs 900 million for Dredging of Berthing Areas and Channel for Additional Terminal,
Rs 1.2 billion for Infrastructure Development for EPZA and GIEDA, Gwadar,
Rs 3 billion Necessary Facilities of Fresh Water Treatment and Supply Gwadar,
Rs 984 million for Pak-China Technical and Vocational Institute at Gwadar,
Rs 2 billion for Upgradation of Existing 50 Bed Hospital to 300 beds Gwadar,
Rs 290 million for Comprehensive Feasibility Study for Upgradation of Mainline,
Rs 1.2 billion for Installation of 300 MW Coal Fired Power Plant at Gwadar,
Rs 62.5 billion for LNG Based Power Plant at Balloki,
Rs 62.5 billion for LNG Based Power Plant at Haveli Bahadurshah.

The government has projected a GDP growth rate of 5.5 per cent for 2015-16 backed by a projected growth of 3.9 per cent in agriculture, 6.4 per cent industry, with six per cent in large scale manufacturing sector, 8.3 per cent in small and household, 8.5 per cent in construction industry and six per cent in electricity generation and gas distribution, and 5.7 per cent in the services sector.

Inflation is projected to rise to six per cent in 2015-16 compared to a provisional estimate of 3.6 per cent in the current year.

 

[Arsalan]

why dont we see anything for Baluchistan area and the central KPK where the supposed Central/Eastren route (the one Mr Ahsan Iqbal confirmed will be build on first priority) is to pass through?
Not criticizing,, just asking a simple question if anyone can help with this!

 

[Muhammad Omar]

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