How Mega Transport Project Will Be a Game-Changer for Pakistan

onlinegwadarcityawd January 4, 2018 No Comments

How Mega Transport Project Will Be a Game-Changer for Pakistan

How Mega Transport Project Will Be a Game-Changer for Pakistan

The $56 billion dollars CPEC is the most significant parts of One Belt One Road of Chinese mega transport project effort for a more powerful business connection in the world.

One Belt One Road effort for is China’s committed project to get back the olden silk road for business linking China, Europe, and Asia by the construction of three main passages via central northern, southern Xinjiang, and which links China with Russian, India, Europe, and Pakistan.

CPEC is the largest investment of China to build 3,218 km roads by 2030, made up of pipelines, roadways, and railways that will connect Gwadar Port of Pakistan to Xinjiang province in China under the mega transport project.

The economic corridor project is one of the major projects that will add 17,000 megawatts power generation to control load shedding at a cost of around 34 billion dollars. Next plan is to use the rest of the money on transport infrastructure, including improving the railway lines from Peshawar to Karachi.

Key corridor

The main investment and target are to Develop Gwadar port, which would provide China a long-term and stable grip in the Indian Ocean, is an integral part of CPEC. This Pak-China economic corridor will become a route for old Silk Route that will connect three billion European, Africans, and Asians.

CPEC is designed to get back the very first Silk Road with a focus on infrastructure and determines the ideal structure of bilateral collaboration.

The project affiliates China’s plan to enhance its Western constituencies with Pakistan’s focus on improving its economy, including the infrastructure growth of Gwadar Port.

However, Pakistan will take advantages more from this CPEC project. China is now the second greatest business partner of Pakistan and greatest trader in infrastructure, telecoms, ports, power areas.

Furthermore, the private and Chinese government companies have guaranteed to spend more than 20 billion dollars in the power industry and a great deal of above 30 billion dollars in other areas as an international direct purchase of Pakistan, which will help promote business between the two countries.

The recent increase Pakistan-China corridor has made Pakistan the first transport hub of world’s second-biggest economy among South East Asia.

Pakistan, which experiences from ongoing power shortages and low do business with its neighbors, will be better linked and will have sufficient power.

From East to West

A Pakistan-aligned road system will enable connections among its neighbors in the east and west. Iran and India require this corridor for closer collaboration with each other’s economy.

Even though the CPEC makes the easier activity of services or products in the area, China’s participation in the province’s economy turns competitors into stakeholders in protecting serenity and balance in the area.

The CPEC is not only a game-changer in the area but will also be a ‘fate-changer’ for the individuals of Pakistan. The CPEC will serve as a gateway for business not only for China and Pakistan but also for the whole area.

Connectivity

Better connection in the area will enhance business among Iran, India, Pakistan, Afghanistan, China, and the Central Asian Republics.

Pakistan envisages the CPEC as a serenity enabler because when connection and trade improve between countries, they tend to avoid disputes. Through CPEC, Pakistan’s Perspective 2025 looks to position itself from a lower center earnings nation to great center earnings nation by achieving the target per household GDP of $4,200.

Through this project, Pakistan will become the hub of trade and business in Asia and western China will be able to go through Asian and Western markets. It will provide to the needs of all federal models of Pakistan through proper railway and road system and multiple tasks on power within the next three years.

Pakistan and China are to determine agreements for development and financing of the East-Bay Expressway and Gwadar International Airport.