Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Prime Minister SK Abbasi approves 10 more projects under CPEC
11-20-2017, 04:30 PM
Post: #1
Prime Minister SK Abbasi approves 10 more projects under CPEC
ISLAMABAD: Despite surfacing objections from the Chinese side on taxation and banking sectors for signing the Long-Term Plan next week, Prime Minister Shahid Khakan Abbasi has granted approval for inclusion of a dozen fresh projects as part of China-Pakistan Economic Corridor (CPEC)’s agenda of upcoming Joint Cooperation Committee (JCC) meeting, including much-awaited Karachi Circular Railway (KCR) with an estimated cost of $2.07 billion.

According to the official agenda, the JCC between Pakistan and China is scheduled to meet in Islamabad on November 20 and 21, 2017.

On pattern of Chinese model, the senior officials meeting (SOM) will take place on Monday (tomorrow) and after ironing out differences, the JCC will formally meet on Tuesday (Nov 21) for signing of almost a dozen fresh projects for making part of CPEC with jacking up overall cost to $50 billion.

The signing of Long-Term Plan (LTP-2014-2030) is part of upcoming JCC agenda but official circles say that its evolutionary process as the draft shared by Pakistani side resulted into surfacing some “points” from Chinese side especially related to facilitation regarding Customs and State Bank of Pakistan for finalising mode of cooperation for payments related to trade transactions. Hassan Daud, Planning Commission’s Deputy Project Director at the CPEC, told journalists on Saturday that the list of energy projects would be revised with the expectations that more power projects would be made part of the CPEC after getting approval of JCC meeting, including two projects of 100MW and 80MW at Gilgit as well as Taunsa Hydropower Project of 800MW.

He said that Karachi Circular Railway (KCR) and Mainline-1 (ML-1) were strategic projects and finalisation of implementation plan for dualisation/ up-gradation of rail line from Peshawar to Karachi (ML-1) was expected to be finalised. When the official was asked to comment regarding Sindh’s claim for blaming the Center for creating stumbling block in the way of KCR, he said that it was strategic and deliverable project and group of experts could find out solution on the table.

The ML-1, he said, has been envisaged with estimated cost of $8.130 billion and first phase will be kick-started in 2018.

He said that it was decided in principle to focus upon increasing cooperation on industrial zones as four feasibility studies related to each one in Punjab, Sindh, Khyber Pakhtunkhwa and Gilgit-Baltistan was so far finalised and would be submitted for Chinese comments out of total nine Special Economic Zones (SEZs). “The sharing of feasibility studies will be done and future roadmap will be finalised,” he added. Currently, he said that there were total 22 projects under construction with the help of CPEC initiative with total cost of $27 billion of which 15 projects having cost of $22 billion were related to energy projects. In shape of Early Harvest Programme (EHP), he said that around 11,110MW related projects were under construction, expected to be completed in 2018.

He said that the design framework agreement for construction of Gwadar International Airport with cost of $260 million grant money was expected to be signed during this JCC meeting. The letter of expression (LOE) for Vocational Training and Friendship Hospital at Gwadar will also be finalised. The groundbreaking of Eastbay Expressway will be done on November 24, 2017, by Prime Minister Shahid Khakan Abbasi alongwith visiting Chinese leaders. For desalination of water of 5 million gallon in Gwadar, he said that this important project would be discussed and would be completed in one and half year period.

Reference Link:
https://www.thenews.com.pk/print/246003-...under-cpec
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  CBD PUNJAB | The most Prime Location in Lahore LRE-Azan 0 92 01-26-2024 03:42 PM
Last Post: LRE-Azan
  Lahore Smart City Development progress pictures of OS Prime, OS and Executive Blocks LRE-Azan 0 106 01-16-2024 01:55 PM
Last Post: LRE-Azan
  Lahore Smart City Development progress pictures of OS Prime, OS and Executive Blocks LRE-Azan 0 112 01-15-2024 06:25 PM
Last Post: LRE-Azan
  Discovering DHA Lahore Phase 7 Block-P: Prime Location, Prices & Construction Updates LRE-Azan 0 130 01-12-2024 01:47 PM
Last Post: LRE-Azan
  DHA Rahbar Phase 4 Possession Plots: A Price Guide to Prime Living in Lahore! LRE-Azan 0 159 01-03-2024 02:05 PM
Last Post: LRE-Azan
  Hashmat Heights: Luxury 1-Bed Apartments at Unbeatable Prices in Lahore's Prime Locat LRE-Azan 0 178 12-16-2023 02:15 PM
Last Post: LRE-Azan
  Hot Deals: DHA Bahawalpur Plots for Sale | Prime Location, Affordable Prices LRE-Azan 0 198 12-05-2023 06:51 PM
Last Post: LRE-Azan
  Prime Investment Alert! 8 Marla Commercial Plot for Sale in DHA Lahore Phase 9 Prism LRE-Azan 0 220 12-02-2023 06:03 PM
Last Post: LRE-Azan
  DHA Lahore Phase 7 Market Report: A Prime Opportunity for File Investments LRE-Azan 0 221 10-26-2023 04:26 PM
Last Post: LRE-Azan
  DHA Multan F Block: Prime Location Near Rumanza Golf Course | Price Analysis & Future LRE-Azan 0 207 10-03-2023 03:44 PM
Last Post: LRE-Azan
  DHA Lahore Phase 9 Town: Prices & Market Outlook | Prime Destination For Homebuyers & LRE-Azan 0 263 08-22-2023 12:30 PM
Last Post: LRE-Azan
  Lahore Smart City Overseas Prime Block: Possession Plots at Affordable Prices | Compl LRE-Azan 0 293 07-19-2023 07:39 PM
Last Post: LRE-Azan
  Lahore Smart City 10 Marla Plot for Sale in Prime A Block by LRE LRE-Azan 0 398 06-01-2023 02:31 PM
Last Post: LRE-Azan
  Lahore Smart City Drone Video - Overseas Prime | Possession Plots | Prices & Investme LRE-Azan 0 349 05-19-2023 01:42 PM
Last Post: LRE-Azan
  Lahore Smart City - On Ground Plots Reality | Overseas Prime | Profitable or Not? LRE-Azan 0 505 01-20-2023 12:04 PM
Last Post: LRE-Azan
  Plots for Sale in DHA Lahore Phase 6 H Block | Prime Location | Hot Deals at Reasonab LRE-Azan 0 588 01-13-2023 02:33 PM
Last Post: LRE-Azan
  Plots for Sale in DHA Lahore Phase 6 G Block | Prime Location | Hot Deals at Investor LRE-Azan 0 537 01-11-2023 06:08 PM
Last Post: LRE-Azan
  Plots for Sale in DHA Lahore Phase 6 Block E-Extension | Prime Location | Possession LRE-Azan 0 530 01-06-2023 06:33 PM
Last Post: LRE-Azan
  5 Marla Lavish House Tour in DHA Phase 9 Town | Most Prime Location of DHA Lahore LRE-Azan 0 525 12-07-2022 01:18 PM
Last Post: LRE-Azan
  Defence View Farms Barki Road Lahore | Prime Location with Reasonable Prices | Easy I LRE-Azan 0 579 11-25-2022 07:21 PM
Last Post: LRE-Azan

Forum Jump:


User(s) browsing this thread: 2 Guest(s)