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