Jan 10 , 2016
News
$35bn energy projects to be completed under CPEC: minister
Ahsan says project will benefit Pakistan as a wholeISLAMABAD – Federal Minister for Planning, Development and Reforms Ahsan Iqbal has said energy projects amounting to $35 billion are set to be completed under the China-Pakistan Economic Corridor (CPEC) project, a private TV channel reported on Sunday.
He said that the government would spend the remaining $11 billion on infrastructure projects, adding that several financial institutions – including the World Bank and Asian Development Bank – would facilitate the government in this regard.
He said that the economic corridor project would benefit Pakistan as a whole, adding that the project is being termed as a game changer by the international community. He said that the federal government was ensuring transparency in completing the project.
Read: PM likely to discuss CPEC with Khattak
An All-Parties Conference - convened by the Balochistan National Party-Mengal (BNP-M) – on Sunday discussed the ongoing dispute over the alleged changes in the route of the $46 billion project.
The corridor aims to connect Gwadar port in Balochistan to China’s Xinjiang region via a network of highways, railways and pipelines spread over 3,000km. Work on several sections has already commenced but the entire project is expected to take several years to complete.
Courtesy www.dailytimes.com.pk