Never miss out on any of the latest updates from our blog section by subscribing to our email newsletter. It contains a 184 Kilometer long M-4 Motorway between Faisalabad and Multan. There are many other projects such as the world's largest solar project at 6500 acres known as Quaid e Azam Solar Park near Bahawalpur. 3.SK Hydro Consortium for 870 MV along with Suki Kinari Hydropower Project in Kaghan Valley KPK.The China Silk Road Fund to 720 MW Korat Dam which is under construction under the CPEC plan. With an installed capacity of 49.5 MW, it is constructed on 1,720 acres of land near the city of Banbhore in Sindh around 80 kilometres east of Karachi. About CPEC, he said, over 60,000 Pakistanis had been employed with CPEC projects. The project is still under construction. CPEC New Provincial Projects . In this blog, we are going to learn about all the latest CPEC projects in detail and discuss their regional benefits but first of all, let’s get to know a little more about CPEC itself. Originally, CPEC was a $46 billion project, which has now gone to $60 billion. These lines will provide direct access for Chinese and East Asian goods to Pakistani seaports at Karachi and Gawadar by 2030. Some other important planned and under-construction SEZs in Pakistan include Bostan Industrial Zone, Allama Iqbal Industrial City (M3), Faisalabad, Industrial Park, ICT Model Industrial Zone, Islamabad, Steel Mills, Karachi, Special Economic Zone at Mirpur, AJK, Mohmand Marble City, Moqpondass SEZ Gilgit-Baltistan. It contains two major coal projects of 660 MV under Thar –I along with Thar – II. There is a different project of reconstruction and up-gradation on National Highway 35 which is known as (N-35). He was chairing a high level meeting in Islamabad today regarding timely completion of CPEC related projects in Khyber Pakhtunkhwa. The other major projects are Dawood Windpower Project and Hydro China. There are many other energy projects that include the construction of East Bay Express and which connect Gawadar with Makran Coastal Highway. China is a trading country and mainly depends upon trade. 1. Get the help of pwc to evaluate the true meaning of these cpec projects and if they are beneficial carry on but if not start terminating them immediately and award locally. Their first target is on hydro projects and looking forward to gaining 25% of its all electricity requirements with hydroelectricity up to the year 2030. Here are some of the latest developments in Gwadar carried out as a part of China-Pakistan Economic Corridor. Here is a list of projects. He said 13,000 Chinese technicians, engineers and experts were also working on these projects. 3.SK Hydro Consortium for 870 MV along with Suki Kinari Hydropower Project in Kaghan Valley KPK.The China Silk Road Fund to 720 MW Korat Dam which is … The China-Pakistan Economic Corridor (CPEC) is one of the finest examples in this regard. These projects are funded by the Asian Infrastructure Investment Bank. The railway is the major source of Transportation for carrying goods and imports and Exports. CPEC projects are listed on an official Pakistani government The large majority of projects associated with CPEC in MERICS’ BRI Tracker database can be found here, although we keep track of projects that have since been shelved or removed from the list. It is mainly divided into 4 sub sectionS from Karachi to Lahore. It also connected the routes with the Gwadar and that’s why it carries a lot of importance. Owing to the region’s noteworthy renewable energy potential, some of the major developments to harness clean energy from natural resources in Pakistan are as follows: The Quaid-e-Azam Solar Park is a large-scale photovoltaic power station located on the outskirts of the city of Bahawalpur in Punjab. The CPEC project envisages major upgrades and overhauls to Pakistan's transportation infrastructure. These trains can travel up to the maximum speed of 80km/h with a capacity of carrying around 250,000 passengers each day. First 1152 KM which linked two of the top major cities of Karachi and Lahore. Energy Projects Infrastructure Projects Gwadar Projects Railway Mass Transit Projects Special Economic Zones China-Pakistan Economic Corridor is a framework of regional connectivity. There are almost 8 to 9 projects for the development of Gawadar City. Zorlu Enerji is already working under CPEC. Recently Greater plan of Gwadar introduced recently which shows all the roadmaps, routes, and allocation of lands for different projects, industries, security camps, security checkouts and much more. Orange Line, Lahore, which is Pakistan’s first-ever electric railway mass-transit system has completed its first trial run, which was recently held on December 10, 2019. The prioritized or early harvest projects mean the projects which will be completed before 2018 or 2020 (for hydropower projects). Now, we are going to enlist and discuss all the latest CPEC developments in Pakistan along with shedding light on their regional significance. The highway project is also known as the second phase of Karakoram Highway. These projects are considered as the backbone of CPEC and they are planned in such a way that they can spread the resources to every part of CPEC. Quick Fact: In collaboration with the Chinese authorities, the government of Pakistan has undergone efforts to add around 1000 MW to the energy-generating capacity of the country under the CPEC’s Early Harvest scheme between 2018 and 2020. With a power generation capacity of 99 MW, United Energy Pakistan (UEP) Wind’s project was launched in June 2017. The dam has an installed power generation capacity of 720 MW. This brings us to the end of our overview of some of the latest CPEC projects, which are being developed as a part of a revolutionary framework for energy, infrastructure and trade sectors in the region. There is another coal project of 300 MV Coal Power Plant in the city of Gawadar on interest-free loans. The groundbreaking of the Free Trade Zone of Gwadar has already been done. CPEC Westren Route Projects . It is also financed under the banner of CPEC. Recommend 0. The Participants unanimously discussed that Rashakai Economic Zone be inaugurated soon. The project is a 2-lane highway, which covers a distance of 113 kilometres from Basima to Khuzdar. Examples of megaprojects include bridges, tunnels, highways, railways, airports, seaports, power plants, dams, wastewater projects, Special Economic Zones (SEZ), oil and natural gas extraction projects, public buildings, information technology systems, aerospace projects, and weapons systems. YM loves to read, write, play XBOX and watch horror movies. Hydro China Dawood Wind Power Project is an operational wind farm as a part of the Early Harvest energy projects of China–Pakistan Economic Corridor. There are other major Hydro Projects including Kohala Hydropower Project. In this project, Mainline 2 and the mainline 3 railway are also in the construction process. Once completed, the project is expected to reduce the travel time between the two cities to half. It was mainly started working in 2002 and completed in 2007 however according to the new master plan this is developing again by the government though proper resources. CPEC is a large project and it is not limited up to energy and transportation. On a side note, Pakistan’s recognition as the world’s top travel destination for 2020 indicates the fact that the tourism sector of the country is also progressing in the right direction. Some of the key benefits of investing in Free Zone include exemption on customs duties for operation and construction activities, 100% ownership for foreign investors along with flexible visa regulations. Different coal power projects with an estimated budget of $5.8 billion worth expected to be completed in early 2019. Early Warning System (EWS) Pilot Project of DTMB . Pakistan's government is providing security along with all the other resources and with collaboration with the Chinese government, they establish different kinds of energy projects along with the corridor from Gwadar to China. Asian Development Bank also funded different important projects of CPEC. CPEC Special Economic Zones . The wind farm is located in Jhimpir. It contains major cities like Basima, Khuzdar, Sukkur, Rajanpur, Layyah, Muzaffargarh along Dear Ghazi Khan in direct connection with karokarm. After Karachi Port and Port Qasim, Gwadar is known as Pakistan’s third important deep seaport. The project’s estimated cost is around $65 million. CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of Planning Development & Special Initiatives CPEC Secretariat 'P' block Pak-Secretariat, Islamabad,Pakistan. It runs over an area where planning and construction of several hydropower projects are underway. Punjab is the most important part of different projects in CPEC. Routes and Infrastructure are the most important part of CPEC. Of $2.4 billion of 1100 MV. China-Pakistan Economic Corridor (CPEC), massive bilateral project to improve infrastructure within Pakistan for better trade with China and to further integrate the countries of the region. Let us know what you think about all these signs of progress made under the banner of the China-Pakistan Economic Corridor by emailing us at blog@zameen.com. These show how the Gawadar project will be move-in the future. As per the masterplan of the project, a dry port will soon be constructed at Havelian on the railway land. You can get all Property Details in Gwadar from our blog on Gwadar as the next destination from real estate investors. These projects are very much valuable as they are a major source of energy, transportation, security, trade, and business. Pakistan, China revise ‘priority list’ of CPEC energy projects Group agrees to upgrade Hubco plant, downgrades Rahim Yar Khan power project By Shahbaz Rana Due to CPEC, there will be major changes in the Railway sector which includes different graduation. The current CPEC portfolio consists of 43 projects, of which 22 are under implementation. The fast-track development of Special Economic Zones (SEZs) in Pakistan will significant boost the influx of socio-economic opportunities. It is a major source of trade for Pakistan, China, Iran, and all the gulf countries. OBOR is purposed to lay a framework of centralised trade route between Africa, Asia and Europe, interlinking over 68 countries. Note: To expedite and monitor the development of all the above-mentioned processes, the China-Pakistan Economic Corridor Authority (CPECA) has been recently formed by the government of Pakistan. M-5 accounts for 392 kilometres of the 1,100-kilometre project. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. With now a globally recognised stable economic outlook, Pakistan is on the road to becoming a regional hotspot for international trade. As of now the area that has been allocated for the Free Trade Zone is around 2,280 acres. 4.44500 MV Project is also in discussion with china on Diamer Basha Dam. Under the CPEC project, China has announced financing for $10.63 billion worth of transportation infrastructure so far; $6.1 billion have been allocated for constructing "Early Harvest" roadway projects at an interest rate of 1.6 percent. In Pakistan, the CPEC trade route stretches from the Himalayas in the northern region all the way to the coastline of the Arabian Sea in the south. As a part of the China Pakistan Economic Corridor, the restoration and upgradation of the N-50 section will be carried out from the town of Yarik in DI Khan, Khyber Pakhtunkhwa. It is going to serve as the main artery for Gwadar Port through, which will significantly ease the flow of the traffic. CPEC projects to strengthen railway network in Pakistan are as under: Mainline-1 (ML-1) is one of the most important CPEC Projects in Pakistan. Answer: CPEC is for Pakistan as a whole and will bring benefits to the Pakistani people including the people from the western parts. Gwadar is the main central hub and that’s why on the top priority government is developing and establishing it. Framework for all the other infrastructure developments and transportation facilities in the area has been completed. It’s a prominent part of the ‘One Belt, One Road (OBOR)’ initiative of China. It includes the rebuilding of the entire Line 1 railway between Karachi and Peshwar. The total area designated for Rashakai Economic Zone is 1000 acres, which will be developed in the next five years in three phases. Some of the major SEZs proposed under the banner of CPEC are as follows: Located in the center of the region’s major urban centers of the region, Rashakai Economic Zone is a platform designed for the economy to prosper in the region. There is a lot of opportunities for the real estate sector. Including a sizable hydro project of greater than 400 MW from Gilgit-Baltistan in the CPEC list will help improves lives of thousands and the planet as well Recommend 0 Akhter It is one of the most significant CPEC projects in Pakistan. He is also a social media buff and tries to stay updated on everything happening around the world! For example, the KKH (Thakot to Havelian) phase Ⅱ and Suki Kinari Hydropower Station are located in Khyber Pakhtunkhwa. Zameenforyou as Pakistan's Best Real Estate Portal providing your details all the details along with the major development, opportunities in Gwadar which is definitely a game-changer for Pakistan and China. The dry port will act as a container terminal for the freight traffic coming from the route of Karakoram Highway and other important intercity road links. The other major projects are Dawood Windpower Project and Hydro China. China decided to make large investment in Pakistan under its One Belt One Road vision through CPEC project. A curious mind and a passionate writer. It will include around 702 acres allocated for industrial use as per the regulations of the Federal Government, out of which around 159 acres will be worked upon in Phase 1, 279 acres of land will be developed in Phase II and the rest of the 264 acres in Phase III. It will upon in numerous new opportunities not only for Pakistan but also for China. If we specifically talk about the expansion of Gwadar there are different things on which development is under progress. It will be a 6 lane motorway which is designed to move transport very fastly. Both sides agreed to make the list of prioritized or early harvest projects as well as the long-term plan for CPEC. Known as the first investment project of the Silk Road Fund, The Karot Hydropower Station is part of China–Pakistan Economic Corridor, which is expected to be completed by 2021.
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