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Pakistan, China finalising long-term plan for CPEC

Kabira

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ISLAMABAD: Pakistan and China are working towards early finalisation of a Long-Term Plan (LTP) for the China-Pakistan Economic Corridor (CPEC), a Chinese diplomat confirmed on Monday.

There are expectations that it could be finalised during the Belt and Road summit being hosted by China on May 14 and 15. Pakistan is participating in the summit.

The LTP, which covers the projects to be undertaken till 2030, has been behind the timeline set for its adoption. Currently, short-to-medium term projects are being pursued under CPEC, which relate to energy, infrastructure and connectivity. The LTP, officials say, defines the overall direction, ideas and goals of cooperation from present till 2030.

Earlier, Political and Press Counsellor at the Chinese Embassy Jian Han, speaking at a roundtable conference on ‘OBOR and CPEC from the Prism of China-Pakistan Bilateral Relations’ organised by the Strategic Vision Institute (SVI), had said that the LTP “would set the focus for CPEC construction in future”.

CPEC project director Hassan Daud Butt on the occasion said that Pakistan had already shared the draft LTP with China’s National Development and Reform Commission (NDRC) for approval and consideration for signing during the Belt and Road summit.

Mr Butt was also hopeful that Pakistan and China would soon conclude agreements for financing and construction of the Gwadar International Airport and East-Bay Expressway.

A Chinese diplomat separately told Dawn that PC-1 for both projects had been approved and an agreement was now being negotiated by the two governments.

Industrialisation phase

At the seminar, the CPEC director said that the project was set to enter the industrialisation phase.

Nine economic zones have been identified to be set up in different parts of the country. Currently feasibility studies are being undertaken and financial agreements are expected to be concluded by the next Joint Cooperation Committee meeting to be held later this year.

“We are expecting that by 2018 about 7,000MW of energy would be added to the national grid and linkages of eastern and western routes would be completed,” he said.

“The western route would be completed by July 2018, whereas eastern route would be ready by December 2018,” he said.

Published in Dawn, May 2nd, 2017
https://www.dawn.com/news/1330502/pakistan-china-finalising-long-term-plan-for-cpec
 
So the Phase 2 is getting the light of the Day. Good.

Second Phase primarily focuses on rapid industrialisation and further upgrading the Pak National infrastructure to bring to international standards.

What is needed in the Phase 2 is Financial alignment. Chinese banks will be setting up show in Pak soon. I expect to see easy credit to feul industrialisation.

However, its upto Pak State and business leaders to come up with a solid gameplan. JV in all industries is the key here.

Anyhow OBOR Summit is not that far off. We shall definitely see CPEC being showcased rather well.

Afterall, CPEC is the Flagship of OBOR. It is bound to succeed.
 
So the Phase 2 is getting the light of the Day. Good.

Second Phase primarily focuses on rapid industrialisation and further upgrading the Pak National infrastructure to bring to international standards.

What is needed in the Phase 2 is Financial alignment. Chinese banks will be setting up show in Pak soon. I expect to see easy credit to feul industrialisation.

However, its upto Pak State and business leaders to come up with a solid gameplan. JV in all industries is the key here.

Anyhow OBOR Summit is not that far off. We shall definitely see CPEC being showcased rather well.

Afterall, CPEC is the Flagship of OBOR. It is bound to succeed.
Amen!!!
 


My dear Friend,

I wish to experience in my lifetime...what my Sight Shows me... Time for Peace.

Your good grace is required in different section... seems like hordes have lost their minds..

Will tag you shortly.

Why do they (hordes) spit towards heavens...when the slime always fall on their faces?

Let the Greatest Game begin... Only True Peace can bring Harmony and Prosperity!


Stay blessed!

SPF
 
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