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

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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 mega projects worth billions of dollars under CPEC Phase 2.

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

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

“In the new stage, the scope of corridor construction will continue to expand and the pace will continue to accelerate. Through full consultation between the two sides, China will actively help Pakistan carry out projects in the field of people’s livelihood,” Cheng Xizhong, visiting professor at Southwest University of Political Science and Law writes in an article published by China Economic Net.