ISLAMABAD – Pakistan and China all set to take important decisions over theCPEC mega projects.
9th Joint Cooperation Committee (JCC) of China Pakistan Economic Corridor(CPEC), the highest forum of the corridor, is scheduled to be held inIslamabad on November 5.
The JCC, according to sources, would deliberate on recent developmentspertaining to Main Line-1 (ML-I), special economic zones (SEZs), KarachiCircular Railways, Kohala and Azad Pattan hydropower projects. However,sources added, no new power project would be added to the CPEC portfolio inthe upcoming JCC.
As per details, a delegation headed by China’s National Development andReforms Commission (NDRC) vice-chairman would be visiting Islamabad in thefirst week of next month.
Apart from the deliberation on mega projects during the JCC, the NDRCvice-chairman would also inaugurate 300MW coal power plant in Gwadar.
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Ahead of the JCC, there would be a meeting of the senior officers todiscuss the decisions of various Joint Working Groups of CPEC, and to makerecommendations regarding the deliverables to the JCC.
The meeting, which would be jointly chaired by Pakistan’s planning ministerand NDRC vice-chairman, would be attended by provincial chief ministers,federal ministries and divisions.
According to the officials, as the government has already established afinancing committee on ML-I, its financing structure, loans, interest onloans and tenure of return would be discussed during the JCC meeting.Besides, the JCC would also decide about the inauguration of the RashakaiEconomic Zone, which is ready for the groundbreaking.
