Several modern tunnels are being constructed along with the project, which will effectively bring down the time it takes to cover the distance between Islamabad and Mansehra to five hours. The groundbreaking of the Free Trade Zone of Gwadar has already been done. He is also a social media buff and tries to stay updated on everything happening around the world! Pakistan has decided to seek USD 2.7 billion loan from China for the construction of package-I of the Mainline-1 project of China Pakistan Economic Corridor (CPEC… Some CPEC projects in the western parts of Pakistan are making progress. CPEC projects are listed on an official Pakistani government portal. It contains two major coal projects of 660 MV under Thar –I along with Thar – II. globally recognised stable economic outlook, University Town update on rates and development work. About CPEC, he said, over 60,000 Pakistanis had been employed with CPEC projects. Connect with us socially on Facebook, YouTube and Instagram. On a side note, Pakistan’s recognition as the world’s top travel destination for 2020 indicates the fact that the tourism sector of the country is also progressing in the right direction. Asian Development Bank also funded different important projects of CPEC. China-Pakistan Economic Corridor (CPEC), massive bilateral project to improve infrastructure within Pakistan for better trade with China and to further integrate the countries of the region. The dry port will act as a container terminal for the freight traffic coming from the route of Karakoram Highway and other important intercity road links. Allah has blessed Pakistan with a river, mountains, beautiful visiting places and above all a port on the most important sea route of the world. It is a 6-lane road featuring 11 interchanges at different points throughout its length. There are many other projects such as the world's largest solar project at 6500 acres known as Quaid e Azam Solar Park near Bahawalpur. The project was developed and made operational in a short period. Some of the key benefits of investing in Free Zone include exemption on customs duties for operation and construction activities, 100% ownership for foreign investors along with flexible visa regulations. Hydro China Dawood Wind Power Project is an operational wind farm as a part of the Early Harvest energy projects of China–Pakistan Economic Corridor. CPEC is considered the game-changer project for Pakistan and China. It is located in the Gurandani area, which is around 26 kilometres northeast of the city of Gwadar in Balochistan. China and Pakistan are collaborating are working in many other sectors which can play an important role. Sindh. CPEC projects progressing satisfactorily: Chinese Ambassador. Pakistan, China revise ‘priority list’ of CPEC energy projects Group agrees to upgrade Hubco plant, downgrades Rahim Yar Khan power project By Shahbaz Rana Port Qasim Electric Company Coal Fired. What projects does the CPEC have in the western parts of Pakistan? China's government also spends 230$ million on Gwadar International Airport which is totally non-refundable. Multan-Sukkur Motorway (M-5) is one of the key sections of the proposed Karachi-Peshawar Motorway. The wind farm is located in Jhimpir. Once completed, the project is expected to reduce the travel time between the two cities to half. The project also includes an overall infrastructure upgradation of Karachi to Peshawar railway tracks, which are around 1,680 km long. The other major projects are Dawood Windpower Project and Hydro China. Once fully developed and functional, the port city of Gwadar will become an international trade hub for Pakistan. The China-Pakistan Economic Corridor (CPEC) is one of the finest examples in this regard. Originally, CPEC was a $46 billion project, which has now gone to $60 billion. China decided to make large investment in Pakistan under its One Belt One Road vision through CPEC project. As a part of the China Pakistan Economic Corridor, the restoration and upgradation of the N-50 section will be carried out from the town of Yarik in DI Khan, Khyber Pakhtunkhwa. It also includes different projects along with the roads and CPEC. CPEC | China-Pakistan Economic Corridor (CPEC) Official Website Develop By Ministry of … It’s a prominent part of the ‘One Belt, One Road (OBOR)’ initiative of China. Another coal-based project will be under construction which provides coal-based electricity 660 KV between Multan and Lahore with the capacity of 2000 MW. The dam has an installed power generation capacity of 720 MW. It contains a 184 Kilometer long M-4 Motorway between Faisalabad and Multan. The expressway will primarily connect the Gwadar Port and its Free Zone with the network of highways running across the country. These trains can travel up to the maximum speed of 80km/h with a capacity of carrying around 250,000 passengers each day. To read more of our informative pieces about economic and infrastructure developments taking place across the country, stay tuned to Zameen Blog, Pakistan’s No.1 lifestyle blog. There is a lot of space for residential and hoteling and you can be one to make a successful real estate business in Gwadar. It's mainly not a CPECProject however its still very much important in CPEC from transportation point. This construction of the cost has been carried out at a cost of around US $250 million. Some of the key infrastructure facilities include Captive Power Plant, Technical & Vocational Training Centre, WasteWater Treatment Plant, Warehouse/Logistics Park, 5 Star Hotel, Business Center, Fire Station/ Emergency Response Centre and Auditorium/Expo Center. If we specifically talk about the expansion of Gwadar there are different things on which development is under progress. These projects are very much valuable as they are a major source of energy, transportation, security, trade, and business. Havelian Dry Port Cargo Facility is being developed to fulfil the demand for the freight traffic of the trade routes of Pak-China Economic Corridor. Industrial Cooperation Financial Cooperation Agricultural Cooperation Tourism Educational linkage Human resource development Health Care People to people contact Increase in livelihood opportunities Enhance Security and stability of the region As per the masterplan of the project, a dry port will soon be constructed at Havelian on the railway land. We also include projects that the media in Pakistan associates with CPEC, or those that … Its single track handles 70% of the traffic. It is the most closet province to Gwadar which is the main point of all CPEC. In Pakistan, the CPEC trade route stretches from the Himalayas in the northern region all the way to the coastline of the Arabian Sea in the south. Never miss out on any of the latest updates from our blog section by subscribing to our email newsletter. There are also future plans for converting all the roads into a central state in such a way that it will connect all the routes in a central Allignment. There is a lot of opportunities for the real estate sector. The construction of New Gwadar International Airport (NGIA) is underway. There are also plans regarding 4693 KM Khunjerab Pass. Here is a list of projects. In this project, Mainline 2 and the mainline 3 railway are also in the construction process. Such benefits will attract more foreign investors to set up their businesses in the region. With a power generation capacity of 99 MW, United Energy Pakistan (UEP) Wind’s project was launched in June 2017. CPEC Gwadar Projects wd 2019-07-04T07:18:02+00:00. You can also get all the property details which can help you make a better understanding that what are best properties and areas where you can invest your capital and get maximum profit. Preparatory meeting of 10th Joint Cooperation Committee (JCC) of CPEC. Construction is under process from 2015 and soon it will be complete. Some other important planned and under-construction SEZs in Pakistan include Bostan Industrial Zone, Allama Iqbal Industrial City (M3), Faisalabad, Industrial Park, ICT Model Industrial Zone, Islamabad, Steel Mills, Karachi, Special Economic Zone at Mirpur, AJK, Mohmand Marble City, Moqpondass SEZ Gilgit-Baltistan. It will be expected to enhance and future and add in National grid Station with the help of Nepra. There are many other energy projects that include the construction of East Bay Express and which connect Gawadar with Makran Coastal Highway. Renewable energy is a better source of energy and Pakistan has decided to prioritize these projects. These CPEC impact very positively on the property business as well. As of now the area that has been allocated for the Free Trade Zone is around 2,280 acres. All these work of different motorways like M1, N50, N25, M8 to Gawadar. 1. Let us know what you think about all these signs of progress made under the banner of the China-Pakistan Economic Corridor by emailing us at firstname.lastname@example.org. It was mainly started working in 2002 and completed in 2007 however according to the new master plan this is developing again by the government though proper resources. It will upon in numerous new opportunities not only for Pakistan but also for China. Thakot-Raikot N35 is a roadway based on two-lane between Thakot and Raikot, which is around 136 kilometres long. The Thakot to Havelian section of the Karakoram Highway is planned to run 118 kilometer as a 2-lane highway. CPEC projects are listed on an official Pakistani government The large majority of projects associated with CPEC in MERICS’ BRI Tracker database can be found here, although we keep track of projects that have since been shelved or removed from the list. It is one of the most significant CPEC projects in Pakistan. Framework for all the other infrastructure developments and transportation facilities in the area has been completed. CPEC Special Economic Zones . There are lot of opportunities and chances of growth for Pakistan and China in CPEC and that’s why it's getting very much important from a property point of view. Another important project in Jhimpir Wind Power Plant which is built by a Turkish company. Business Projects List of All CPEC Projects in Pakistan 3 years ago Darakhshan Anjum . Routes and Infrastructure are the most important part of CPEC. It includes major sectors of Pakistan like Skilled Education, Agriculture, Science, and Technology. There is a different project of reconstruction and up-gradation on National Highway 35 which is known as (N-35). The CPEC project envisages major upgrades and overhauls to Pakistan's transportation infrastructure. It also connected the routes with the Gwadar and that’s why it carries a lot of importance. The fast-track development of Special Economic Zones (SEZs) in Pakistan will significant boost the influx of socio-economic opportunities. There is a lot of Hydropower project and other renewable energy resources but still, CPEC projects are based a lot on coal energy. The country’s extremely significant geo-strategic location plays a key role in shaping the region’s dynamics. It will include around 702 acres allocated for industrial use as per the regulations of the Federal Government, out of which around 159 acres will be worked upon in Phase 1, 279 acres of land will be developed in Phase II and the rest of the 264 acres in Phase III. All rights reserved. Answer: CPEC is for Pakistan as a whole and will bring benefits to the Pakistani people including the people from the western parts. The current CPEC portfolio consists of 43 projects, of which 22 are under implementation. CPEC projects to strengthen railway network in Pakistan are as under: Mainline-1 (ML-1) is one of the most important CPEC Projects in Pakistan. The total area designated for Rashakai Economic Zone is 1000 acres, which will be developed in the next five years in three phases. CPEC New Provincial Projects . The Speaker said CPEC would open new avenues of prosperity and economic stability all over the country especially in KP. The new airport will be equipped with stand of the art facilities and will have the capacity of handling larger aircraft like ATR 72, Boeing (B-737) Airbus, (A-300) and Boeing (B-747) for both domestic and international flight operations. 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