In a big success, 32 projects completed in last 5 years under Pakistan China CPEC
ISLAMABAD: In a big success, 32 projects completed in last 5 years under China Pakistan Economic Corridor project.
Pakistan and China have achieved major progress on China Pakistan Economic Corridor (CPEC) during the last five years as 32 early harvest projects were completed during that period, documents from Chinese embassy revealed.
These CPEC projects have significantly improved local transportation infrastructure and power supply, created over 75,000 jobs directly and contributed one to two percent of the Gross Domestic Product (GDP) growth in Pakistan.
The documents further said:“It shows the CPEC is playing an important role in boosting Pakistan’s socio-economic development and improving people’s livelihood.”
With respect to the mega ML-1 railway project, the documents showed that the initial design of the project was jointly accomplished by the China Railway No 2 Bureau, National Engineering Services Pakistan Limited (NESPAK), and Pakistan Railway Advisory and Consultancy Services Ltd (PRACS).
The project was launched in 2016, and the initial design was submitted in May 2017. In April 2019, it successfully passed the initial design review, organised by Pakistan Railways (PR), of the complex including Mott McDonald Pakistan (MMP), Canarail and the Crimson.
“As the project has not yet been approved, the amounts of the project will be adjusted according to the actual condition and the needs of Pakistan.
After finalising the design of the project, we would initiate a bidding in accordance with international practice. This is a completely normal business practice.”