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Showing posts from September 10, 2020

CPEC 2.0: Full Speed Ahead

The China-Pakistan Economic Corridor is back with a vengeance. But the problems remain.
Muhammad Akbar Notezai By Muhammad Akbar Notezai September 10, 2020


Once again, after a rockier period, stories abound in the mainstream Pakistan media, as well as in the foreign press, about the revival of China-Pakistan Economic Corridor (CPEC) projects in Pakistan. There have been articles and news stories in this regard ever since deals for $11 billion worth of projects were signed on June 25 and July 6. The new deals involve two hydropower generation projects costing $3.9 billion in the Pakistan-administered Kashmir region, and a plan to revamp the South Asian nation’s colonial-era railways for $7.2 billion – the most expensive Chinese project in Pakistan yet.
Along with the launch a special economic zone (SEZ) in Faisalabad, in the Punjab province of Pakistan, these developments have given new energy to CPEC, which had been on the back burner for some time. It is a push in the right direction in t…