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CPEC: Smooth Implementation Negates Slowdown Perception

November 03, 2021

By Abdul Wajid Khan ISLAMABAD, Nov 03 (INP-WealthPk): The smooth implementation of ongoing projects under China-Pakistan Economic Corridor (CPEC) has negated the perception that the multi-billion-dollar project has somewhat slowed down in Pakistan, according to an official document of the Ministry of Planning and Development. According to the document, also available with INP-WealthPk, currently, 39 projects related to energy, transport infrastructure, and industrial cooperation have either been completed or are under the implementation stage at a cost of around USD25 billion. Out of these 39 projects, 18 projects related to power production, transport infrastructure, and socioeconomic development have been completed with a total cost of USD15.7 billion, while 21 projects are at diffident stages of implementation with an estimated cost of around USD9.3 billion. The details about the ongoing projects related to energy, infrastructure, industrial development and other sectors under CPEC show that so far 88% progress has been made on the 720MW Karot Hydropower Project and almost 65 percent of work has been completed on 870MW Suki Kinari Hydropower Project. The 1,320MW Shanghai Electric (TCB-1) project has 65% progress, while 330MW Thar Energy Limited has 73%, and 330MW Thal Nova Thar Power has 51% work progress, respectively. Similarly, in transport and infrastructure projects, Hoshab-Awaran M-8 (146km) road project has 9% work progress, Khuzdar-Basima Road (110km) 67%, Hakla DI-Khan Motorway 94%, New Gwadar International Airport 13%, Eastbay Expressway 92%, Zhob-Quetta Road (331km) 3% and Chitral-Shandur (133km) have 6.6% work progress. In Gwadar, 60% of work has been executed on a project related to the supply of treated water. Fifteen percent of work has been completed on Pak-China Friendship Hospital, 90% on the technical and vocational institute and a socioeconomic development project have 15% work progress. In the industrial sector, Rashakai Special Economic Zone has 10% work progress, Dhabeji Special Economic Zone 5%, Allama Iqbal Industrial City 30% and Bostan Special Economic Zone has so far 10% progress. Projects completed under CPEC Work on the following projects in the energy sector has been completed. They include 1,320MW Sahiwal Coal-fired Power Plant, 1,320MW Port Qasim Coal-fired Power Plant, 1,320MW China-Hub Coal-fired power plant, 660MW Engro Thar Power & Mine, 400MW Quaid-i-Azam Solar Park, 100MW UEP Wind Farm, 100MW Three Gorges Wind Power, 50MW Sachal Wind Farm, 50MW Hydro China Dawood Wind, and HVDC+660KV Matiari-Lahore Transmission Line. In the transport and infrastructure sector, projects on which work has been completed include Multan-Sukkur Motorway (M5), Orange Line Metro Train Project, Karakoram Highway Phase-II Havelian-Thakot Section, Cross Border Optical Fibre Cable, Digital Terrestrial Multimedia Broadcast (DTMB), Gwadar Smart Port City Master Plan, Gwadar Port and Free Zone and a project related to the social development sector. Cooperation in the second phase Minister for Planning, Development and Special Initiatives Asad Umar, in a recent written statement in National Assembly, said that after the successful implementation of early harvest phase-I, CPEC has now entered the second phase, which primarily focuses on industrial and agriculture cooperation, science and technology, renewable energy, socio-economic development and information technology. Mr. Umar said so far 27 projects under the socio-economic development cooperation have been agreed upon, which are to be funded through the grant of the Chinese government. As per the development agreement on Rashakai SEZ, China Road & Bridge Construction Company (CRBC) will invest around USD128 million as a foreign direct investment (FDI) for the zone's infrastructure development, he added. The concession agreements for 1,124MW Kohala Hydropower Project with the cost of USD2.5 billion, 700MW Azad Pattan Hydropower Project with the cost of USD 1.5 billion, and 300MW Gwadar Coal Power Plant with a cost of USD0.5 billion are on Build Operate Transfer (BOT) mode under the Independent Power Producer (IPP) policy. Furthermore, the Karachi Coastal Comprehensive Development Zone (KCCDZ) project will be developed by CRBC with an estimated investment of around USD3.5 billion as FDI, the planning minister informed the National Assembly.