China - Pak Economic Corridor - CPEC

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How will CPEC effect India, Pakistan & China?

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GMT - 12 Hours China - Pak Economic Corridor - CPEC

Post by Khan on Sun Oct 23, 2016 8:19 am

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The China–Pakistan Economic Corridor ([You must be registered and logged in to see this link.]: 中国-巴基斯坦经济走廊; [You must be registered and logged in to see this link.]پاكستان-چین اقتصادی راہداری‎), often referred to by the acronym CPEC, is a collection of projects currently under construction at a cost of $51 billion,[You must be registered and logged in to see this link.] intended to rapidly expand and upgrade Pakistani infrastructure as well as deepen and broaden economic links between [You must be registered and logged in to see this link.] and the [You must be registered and logged in to see this link.].[You must be registered and logged in to see this link.] The corridor is considered to be an extension of China's ambitious [You must be registered and logged in to see this link.],[You must be registered and logged in to see this link.] and the importance of CPEC to China is reflected by its inclusion as part of China's 13th [You must be registered and logged in to see this link.].[You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]
Pakistani officials predict that the project will result in the creation of upwards of 700,000 direct jobs between 2015–2030, and add 2 to 2.5 percentage points to the country's annual economic growth.[You must be registered and logged in to see this link.] Were all the planned projects to be implemented, the value of those projects would be equal to all foreign direct investment in Pakistan since 1970,[You must be registered and logged in to see this link.] and would be equivalent to 17% of Pakistan's 2015 gross domestic product.[You must be registered and logged in to see this link.]
Infrastructure projects under the aegis of CPEC will span the length and breadth of Pakistan, and will eventually link the city of[You must be registered and logged in to see this link.] in southwestern Pakistan to China's northwestern autonomous region of [You must be registered and logged in to see this link.] via a vast network of [You must be registered and logged in to see this link.] and railways.[You must be registered and logged in to see this link.] Proposed infrastructure projects are worth approximately $11 billion, and will be financed by heavily-subsidized[You must be registered and logged in to see this link.] that will be dispersed to the [You must be registered and logged in to see this link.] by the [You must be registered and logged in to see this link.][You must be registered and logged in to see this link.], and the [You must be registered and logged in to see this link.].[You must be registered and logged in to see this link.]
As part of the broad package of infrastructure projects under CPEC, a [You must be registered and logged in to see this link.] will be constructed between the cities of [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.],[You must be registered and logged in to see this link.] while the[You must be registered and logged in to see this link.] between [You must be registered and logged in to see this link.] and the [You must be registered and logged in to see this link.] will be completely reconstructed and overhauled.[You must be registered and logged in to see this link.] The [You must be registered and logged in to see this link.] will also be upgraded to allow for train travel at up to 160 kilometres per hour by December 2019.[You must be registered and logged in to see this link.][You must be registered and logged in to see this link.] Pakistan's railway network will also be extended to eventually connect to China's[You must be registered and logged in to see this link.] in [You must be registered and logged in to see this link.].[You must be registered and logged in to see this link.] A network of pipelines to transport liquefied natural gas and oil will also be laid as part of the project, including a $2.5 billion pipeline between Gwadar and [You must be registered and logged in to see this link.] to eventually transport gas from [You must be registered and logged in to see this link.].[You must be registered and logged in to see this link.]
Over $33 billion worth of energy infrastructure are to be constructed by private consortia to help alleviate Pakistan's chronic energy shortages,[You must be registered and logged in to see this link.] which regularly amount to over 4,500MW,[You must be registered and logged in to see this link.] and have shed an estimated 2-2.5% off Pakistan's annual [You must be registered and logged in to see this link.].[You must be registered and logged in to see this link.] Over 10,400MW of energy generating capacity is to be developed between 2018 and 2020 as part of the corridor's fast-tracked [You must be registered and logged in to see this link.] projects in conjunction with four projects under construction prior to the announcement of CPEC.[You must be registered and logged in to see this link.] Electricity from these projects will primarily be generated by coal, though wind projects are included under CPEC, as is the construction of [You must be registered and logged in to see this link.].[You must be registered and logged in to see this link.]
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Khan
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