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Great success achieved in CPEC construction


INP
July 21, 2020

BEIJIN: So far, remarkable success has been achieved in the CPEC development, that reflects repaidly growing socio-economic partnership between the two countries, China Economic Net reported on...


BEIJIN: So far, remarkable success has been achieved in the CPEC development, that reflects repaidly growing socio-economic partnership between the two countries, China Economic Net (CEN) reported on Monday quoting it's special commentator Cheng Xizhong.

The achievement is mainly manifested in three aspects: First, the governments and enterprises of China and Pakistan are very satisfied with the progress, which shows that the cooperation between both sides is close and the corridor construction is progressing well.

Second, Pakistani Prime Minister Imran Khan said recently that the corridor is a declaration of friendship between China and Pakistan and an excellent project for Pakistan's economic and social development.

He also said that Pakistan should complete the corridor construction at all costs. In the past, there were different voices in Pakistan on the construction of the corridor. Now, from the federal government to the local governments, from political parties to the public, they are on the same page. They highly appreciate the great achievements of the corridor construction.

Third, the construction of corridor projects is progressing well. In the first phase, 90% of the 22 major projects have been completed and put into operation, and the rest will be completed within a few months.

The second phase of construction has already started. The construction of CPEC and special economic zones is a catalyst for Pakistan's industrialization, which is promoting the transfer of China's manufacturing industry to Pakistan and pushing Pakistan's development onto a fast track.

Recently, Asim Saleem Bajwa, Chairman of CPEC Authority said that the construction of CPEC is being accelerated, and the second phase of the construction has started substantially.

The Pakistani government has recently approved the upgrading and reconstruction of the 1726 km long ML-1 trunk railway under the CPEC framework. The development of the $7.2 billion project is of great strategic significance to Pakistan's national transportation and economic development.

After this project is completed, the new railway system will play an important role in the transportation of goods and passengers. Highway transportation is not only high cost but also time-consuming, but railway will promote social and economic development with more cost-effective and efficient transportation mode, and drive economic activities, especially agricultural economic development in remote areas.

At present, the channels for agricultural products to enter big cities are limited and reasonable prices cannot be obtained. With the upgrading of the railway system, farmers will get better economic benefits from agricultural products

GWADAR

New progress has been made in the construction of Gwadar Port. Recently, a ship carrying 16,400 tons fertilizer arrived at Gwadar Port.

The fertilizer was purchased by Afghanistan from Australia and unloaded at Gwadar Port and transported by road to Afghanistan according to the Pakistan-Afghanistan Transit Trade Agreement. This is the first time that the Afghan government has used Gwadar Port to import important materials.

After the completion of construction, Gwadar Port will not only promote the economic development of Balochistan Province and even the whole country of Pakistan, but also become the nearest sea port for Afghanistan, Uzbekistan, Tajikistan and other Central Asian land-locked countries, which will connect these countries with Sri Lanka, Bangladesh, Oman, UAE, Iran.

https://www.thenews.com.pk/print/689836-great-success-achieved-in-cpec-construction


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