CPEC Need detailed information about
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- China – Pakistan Economic Corridor (CPEC)
It is a collection of infrastructure projects that have been under construction across Pakistan since 2013. The original projects were worth $47 billion, but by 2020, CPEC projects had grown to $62 billion.
CPEC aims to provide Pakistan with the rapid upgrades it needs - infrastructure and strengthening its economy through the construction of modern transportation networks, multiple energy projects, and special economic zones.
On 13 November 2016, CPEC became partially operational when Chinese cargo was transferred to Gwadar Port for seaborne shipping to Africa and West Asia, while some major power projects were commissioned in late 2017.
CPEC aims to build a vast network of highways and railways that will expand Pakistan’s length and breadth. The government estimates that inefficiencies in Pakistan’s largely dilapidated transport network have cost the country an estimated 3.5 percent of its annual GDP. The modern transport network built under CPEC will connect the seaports of Gwadar and Karachi with northern Pakistan, as well as point north to western China and Central Asia. A 1,100-kilometer-long motorway will be built between the cities of Karachi and Lahore as part of CPEC, while the Karakoram Highway from Hassan Abdal to the Chinese border will be completely rebuilt and repaired. The Karachi-Peshawar main railway line will also be upgraded to allow train travel at a speed of 160 kilometers per hour by December. Pakistan’s railway network will also be expanded to eventually connect with China’s Southern…
