Latest CPEC Progress Report Issued By The Embassy of China:
The Embassy Of China In Pakistan has released a report on the latest CPEC progress. According to the report, almost 11 projects under CPEC has been completed and 11 more are in under construction. Recently a Pakistani Journalist claimed that Pakistan will repay $40 billion debt to China, However, Embassy Of China rejected this claim and referred it as a miss leading report. They further added in CPEC latest progress report that a total amount of $18.9 billion has been invested in the 22 projects. Which included 7 energy projects which have been completed and several infrastructure projects are still under construction.
Based on the latest progress report on CPEC issued by the Embassy of China in Pakistan on Saturday, around $18.9 billion have been invested in the 22 projects. Twenty more projects remain in the pipeline.
According to the report, 15 energy projects with total generation capacity of 11,110MW were planned as a priority. Seven have been completed while six are “under construction” with a total capacity of 6,910MW.
As per the report, three projects regarding infrastructure are “under construction” — the Karakoram Highway Phase-II (Havelian-Thakot section), Karachi-Lahore Motorway (Sukkur-Multan section) and Lahore Orange Line Metro Train Project.
“CPEC is a major and pilot project of the Belt and Road Initiative and one major platform for comprehensive and substantive cooperation between China and Pakistan,” the report stated.
The project is believed to be the crown jewel of China’s One Belt One Road initiative, a massive global infrastructure programme to revive the ancient Silk Road and connect Chinese companies to new markets around the world.
News Source: Dawn News