CPEC – A Step towards betterment!
China–Pakistan Economic Corridor is also known by the acronym CPEC is a collection of infrastructure projects that are currently under construction throughout Pakistan. CPEC is intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones. The China-Pakistan Economic Corridor is paving way for educational excellence in China and Pakistan! With multiple university collaborations, and research think-tanks being established, CPEC is providing study abroad and research opportunities for students of both countries.
Gwadar Port is one of the four key priorities of CPEC with complementary projects, including Gwadar International Airport, Eastbay Expressway and the CPEC Free Zone.
Number of Chinese arriving in Pakistan increasing due to CPEC
China Overseas Port Holding Company is responsible for the development and management of Gwadar Port, with three subsidiary companies to manage and operate port terminals, provide berthing solutions and develop the free economic zone in the northern harbor. 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 Nawabshah to eventually transport gas from Iran. Electricity from these projects will primarily be generated from fossil fuels, though hydroelectric and wind-power projects are also included, as is the construction of one of the world’s largest solar farms. Gwadar city will be the hub for providing residential, commercial and urban services for the residents and visitors.
“The implementation of the energy and infrastructure projects identified under the China-Pakistan Economic Corridor is being done on a fast-track basis on both sides to translate the plans into reality.”
China-Pakistan Economic Corridor and its connectivity with Central Asia, the Middle East, and Africa will help to shape the entire region. Overall construction costs are estimated at around $46 billion, with the entire project expected to be completed in several years.
The Corridor is an extension of China’s proposed 21st century Silk Road initiative. This is the biggest overseas investment by China announced so far and the corridor is expected to be operational within three years. The corridor will be a strategic game-changer in the region and would go a long way in making Pakistan a richer and stronger entity.
The investment in the corridor will transform Pakistan into a regional economic hub. The corridor will be a confidence booster for investors and attract investment not only from China but other parts of the world as well. Other than transportation infrastructure, the economic corridor will provide Pakistan with telecommunications and energy infrastructure.
Access to opportunities and services
Due to the threats to Chinese workers and officials, the government and the Pakistan army have taken strict security measures to protect all construction sites in Balochistan.
The recently opened Pearl-Continental Hotel also hosts seminars from time to time, attended by high profile officials who require the same measures.
This, however, often results in closure of the jetty. For a family that is dependent entirely on fishing for their food and income, this can cause considerable financial and psychological stress.
Gwadar Golf City is an exclusive housing development located in Gwadar Port City which is being out carried out successfully. Mr. Bilal Bashir Malik believes in expanding their footprint across the region with this luxurious venture and giving Gwadar the genuine substance of turning into a worldwide city.
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Sultan Ali Arif
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