China and Pakistan jointly complete 27 USD 19 billion CPEC projects
Islamabad: As part of the China-Pakistan-Economic-Corridor (CPEC), the governments of Pakistan and China have finished 27 projects worth a total of USD 19 billion. This was reported by news sources on September 13.
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The projects were finished with the help of joint ventures (JVs) and direct investments from the Chinese government in the development of the port of Gwadar, the building of roads, energy corridors, and the growth of agriculture. A report by China Three Gorges South Asia Investment Ltd (CSAIL) called “Overview of Pakistan’s Power Sector and its Future Outlook” says that by 2030, another 63 projects with a total cost of USD 35,2 billion will be finished. The report says that 27 projects that will cost a total of USD 7.7 billion are in the planning stages and should be finished by 2025. There are 36 more projects in the works, which are expected to be done by 2030 and will cost an estimated USD 27.5 billion. The report says that the following projects have been finished in different fields:
Energy Sector
Eleven projects worth a total of $12 billion have been finished, and four projects worth a total of $6 billion are currently being built and are expected to be done by 2025. In the same way, seven more projects totaling USD 7.4 billion are in the works and should be finished by 2030.
Infrastructure sector
Seven projects with a total investment of USD 6.7 billion had been finished. Another six projects with a total investment of USD 0.9 billion were expected to be finished by 2025, and 12 projects with a total investment of USD 10.4 billion were expected to be finished by 2030.
The infrastructure projects in Gwadar
So far, 200 million dollars’ worth of work has been done on three projects. Two projects worth a total of USD 230 million will be done by 2025, and two more projects worth a total of USD 150 million should be done by 2030.
Special Economic Zones (SEZs)
With an investment of USD 500 million, four of the nine Special Economic Zones (SEZs) would be finished by 2025. The other five SEZs would be finished by 2030 with an investment of USD 1 billion.
