China Pakistan Economic Corridor (CPEC) is the flagship project of the Chinese ‘One Belt, One Road’ (OBOR) Initiative, dubbed by Chinese President Xi Jinping as the ‘Project of the Century’ and is the largest infrastructure project in the world.
The OBOR investment program estimated at $5 Trillion, is focussed on strengthening infrastructure across 52 countries spanning Asia, the Middle East, Europe, and Africa. By increasing connectivity between the continents of Asia, Europe and Africa, OBOR will enhance China’s trade volumes and stimulate long-term regional economic growth and development. It will deliver a revitalised and modernised Silk Road that will reconnect countries and continents.
CPEC is a game changer and a framework of regional connectivity. This intricate network of infrastructure and energy projects, worth over $62 Billion, unites Pakistan with other key commercial players such as China, Iran, Afghanistan and India.
As the largest unilateral foreign direct investment from one nation to another, CPEC is set to catapult the stature of Pakistan as a key global trade and economic hub. It aims to create a 2,000-mile economic corridor between Gwadar Port and the north-western Xinjiang region of China via a 2,700-kilometre highway from Kashgar to Gwadar, rail links for freight trains, oil and gas pipelines and an optical fibre connection.
CPEC will directly enhance Gwadar’s growth and will vastly improve Pakistan’s economy and connectivity in South Asia.
This new trade route with SEZs, (Special Economic Zones), will exponentially reduce the transportation time of exports and imports to African, Middle Eastern and European markets from China and Pakistan.
China is on a mission to remodel the economic footprint of Asia and the wider geopolitical landscape. By building CPEC there will be increased trade flows through Pakistan and greater economic out from China. Currently China, the world’s largest hydrocarbon importer will reduce transhipment times from 45 days to 10 days. It will also allow Gwadar port which is under the control of China under an agreed lease agreement to become a major shipping and business hub.
Highways, Karakoram Highway, The East-Bay Expressway, Gwadar International Airport, Water Treatment Facilities, Freeezones, Hydropower Plants, Coal Power Plants, Metro Lines, Solar OPower Parks, LNG Pipelines and Terminals, Wind power Projects Coal; Mining Projects, Hospitals and development of Port and surrounding areas into international hubs.
Yes. Wholeheartedly. The freezone is operational as of January 2018 attracting over $5000 million private investment. The port is being operated under a china lease agreement with work well underway. All planned projects are being worked to strict deadlines under the £62 Billion investment
CPEC is set to increase Pakistan GDA and catapult Gwadar’s status to a international standard port city with its influence felt across the region.
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Very pleased with the professionalism on show here – I got my file within 24 hours of my booking deposit being paid.
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