Skip to main content

Total Value of CPEC is $50 Billion not $62 Billion



By Contributors -
 January 30, 2020 

Adnan Aamir
Quetta: The total value of projects of China-Pakistan Economic Corridor (CPEC) is $50 billion, revealed the answer of the federal government in the question hour in the National Assembly on 9th January.
Its commonly believed that the total value of CPEC projects is $62 billion but the response of the federal government made it clear that CPEC is valued at $50 billion approximately including the ML-1 Railways project.
According to the details shared by the National Assembly of Pakistan, 13 projects of CPEC worth $11 billion are completed and 13 projects worth $18 billion are under implementation. $21 billion projects are still in pipeline, read the detailed answer of Asad Umar Federal Minister for Planning and development a copy of which is available with Balochistan Voices.
Read Also: The Myth of CPEC’s Western Route
These details were shared by Asad Umar in response to questions asked by Members of the National Assembly from Balochistan Hashim Notezai and Munawara Baloch.
Infrastructure Projects in Balochistan
The answer of the federal government also shared details about 7 infrastructure projects of CPEC in Balochistan.
For Mughalkot to Zhob and Zhob to Kuchlak sections of N-50, a total of Rs143.31 billion has been approved but only Rs9 billion was allocated in 2019-20. Interestingly the federal government had termed the allocation as adequate.
The federal government claimed that PC-1 of the dualization of the Chaman to Khuzdar section of N-50 has not been prepared yet. This project is valued at Rs80.5 billion and the government will try to incorporate a portion of this into the western route of CPEC.
Sorab to Hoshab section of N-50 was improved at a cost of Rs22.41 billion and financed under federal PSDP. Likewise, Gwadar to Hoshab section of M8 has been completed and the remaining portion of M8 connecting Gwadar with Ratodero via Khuzdar is under construction.
In Gwadar, 46 percent work has been completed on Gwadar Eastbay expressway, which is being financed through a $179 million interest-free loan. New Gwadar International Airport, which will cost $230 million, is under construction with Chinese financial assistance.
Energy Projects in Balochistan
In Balochistan, only 2 out of 21 energy projects of CPEC are based in Balochistan. A 300 MW power plant in Gwadar is under construction. 2 X 660 Mw power plants of the HUBCO coal power project have already started working in Hub.
12 out of 21 projects of CPEC are based in Sindh and 4 of them are based in Punjab.

Comments

Post a Comment

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo
14 comments
Read more

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.
26 comments
Read more

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and
2 comments
Read more