Islamabad: The Pakistani and Chinese governments have completed 27 projects totalling USD 19 billion as part of the China-Pakistan-Economic-Corridor (CPEC), news sources reported on September 13.
The projects were completed through joint ventures (JV) and as a direct investment from the Chinese government in Gwadar port development, road construction, energy corridors, and agriculture development projects. According to a study published by China Three Gorges South Asia Investment Ltd (CSAIL) titled ‘Overview of Pakistan’s Power Sector and its Future Outlook’, an additional 63 projects totalling USD 35.2 billion are scheduled to be completed by 2030. According to the report, 27 projects with a total expenditure of USD 7.7 billion are in the planning stages and are expected to be completed by 2025. Thirty-six additional projects are in the works, with an estimated expenditure of USD 27.5 billion, and are expected to be finished by 2030. As per the report, the following projects have been completed in various sectors:
Energy Sector:
11 projects totalling USD 12 billion have been completed, with four projects totalling USD 6 billion now under construction and estimated to be finished by 2025. Similarly, seven more projects worth USD 7.4 billion are in the pipeline and are expected to be completed by 2030.
Infrastructure sector
Seven projects totalling USD 6.7 billion in investment had been completed, with six additional projects totalling USD 0.9 billion anticipated to be finished by 2025 and 12 projects totalling USD 10.4 billion are expected to be completed by 2030.
Gwadar’s infrastructure projects
So far, three projects totalling USD 200 million have been completed. Two projects worth USD 230 million will be finished by 2025, with two more projects worth USD 150 million expected to be completed by 2030.
Special Economic Zones (SEZs)
Four of the nine identified Special Economic Zones (SEZs) would be completed by 2025 with a USD 500 million investment, while the remaining five SEZs would be completed by 2030 with a USD 1 billion investment.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
