KP Government - China to ink three new agreements worth $ 20 billions
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NOWSHERA: (APP) Chief Minister Khyber Pakthunkhwa Pervez Khattak has said that KP Government and China would sign three more agreements for execution of new development schemes in electricity, tourism, roads and railway sector before June 2017.
Addressing a public meeting at Nizampur District Nowshera today, the Chief Minister said that the new agreements to be launched before June next included construction of Gilgit-Dir-Chitral road, 1700 Megawatt electricity project and fast railway track between five districts of KP. He said that 1700 MW project has been made part of the CPEC as Chinese investors were all set to reach Peshawar for execution of the scheme.
KPK Inter district Railways Project to be constructed by China
Chinese investors would make around USD20bn investment in KP as a big group of potential Chinese investor were keen to make investment in the province. The KP would get its due share from the CPEC as well, he told the audience.
The investment would likely be made in infrastructure development of industries, promotion of tourism potential and various natural resources. CPEC to complete by 2030, he said adding its not one year project.
He said he had result oriented meetings with the Chinese investors who are scheduled to visit KP next month. He said that volume of the CPEC has been increase to 70bn USD from 46bn USD and would reach USD300bn mark by 2030.
KPK Government – China intensive investment plan chalked out
The provinces which would present good and feasible schemes would attract the maximum investment, he said adding, if we could present good investment program, the investors would certainly move to our province.
The KP is endowed with God gifted natural resources like water, tourism and minerals and can fetch the maximum investment if could present better schemes in these sectors. We have big scope of markets in Central Asia and Afghanistan
He said that the KP government was pursuing one point agenda to bring Change in the governance system and introduced radical reforms in social sector, ensure postings and transfers on merit and launched massive campaign against corruption and commission mafias.
