In a big development, Pakistan China to launch 27 new mega projects worth billions of dollars under CPEC Phase 2

BEIJING – In a big development, Pakistan China to launch 27 new megaprojects worth billions of dollars under CPEC Phase 2.

The China-Pakistan Economic Corridor (CPEC) construction has entered thesecond stage, focusing on industrial-agricultural cooperation, Gwadar Portconstruction and socio-economic development.

27 new projects will be launched within this year under CPEC second phase.

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“In the new stage, the scope of corridor construction will continue toexpand and the pace will continue to accelerate. Through full consultationbetween the two sides, China will actively help Pakistan carry out projectsin the field of people’s livelihood,” Cheng Xizhong, visiting professor atSouthwest University of Political Science and Law writes in an articlepublished by China Economic Net.