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  • Dec, 26th, 24

XINHUA-PAKISTAN SERVICE

Pak-China 7th JCC makes major headway: OfficialsBreaking

December 10, 2017

BEIJING, Dec. 10 (INP): The 7th Joint Cooperation Council (JCC) held in Islamabad last month has proved highly successful to give further boost to China-Pakistan Economic Corridor (CPEC), Chinese official sources said here Sunday. During the meeting, six documents were signed including Long-Term Plan (LTP) for CPEC to run from 2017-2030. The two countries Joint Working Groups (JWG) approved projects relating to energy, industrial parks and Gwadar. The matters relating to New Gwadar International Airport were also finalized. Following the JCC, the two sides will now undertake work on financial arrangement and commercial contract for ML-I Pakistan Railways project, which will see setting up of a high-speed rail link between Peshawar and Karachi. ML-I is the single highest project in CPEC. “New infrastructure projects will accelerate talks on signing commercial contracts & financing agreements,” the sources said. The CPEC entered 2nd phase as 9 industrial parks were included into CPEC. Feasibility study reports of these special economic zones (SEZs) were handed over to Chinese side. 3 SEZs including Rashakai, Dhabeji & M-3 in Faisalabad seemed most feasible.” East Bay Expressway has held ground breaking ceremony. Gwadar power plant & Gwadar Expo will be inaugurated very soon. 6 major projects will be completed in Gwadar Free Zone by early 2018. A medical team and weather station are in place in Gwadar.” Regarding news of omission of Diamer-Bhasha Dam, the sources said such impressions were reflection of one individual only and were inaccurate. The 7th JCC of CPEC discussed Basha dam project. However, it has not been included in list of energy projects.” China is helping Pakistan to solve energy crisis. 5 power plants including Sahiwal, Bahawalpur solar, UEP wind farm, Sachal wind farm, Dawood wind farm have been completed. Unit 1 of Port Qasim was completed. 5 more power plants under construction.” INP/J/AH