China-Pakistan Economic Corridor

The China-Pakistan Economic Corridor (CPEC) stands as the most extensive project within the Belt and Road Initiative, encompassing an estimated $54 billion worth of infrastructure projects. Over the course of decades, substantial efforts have been dedicated to constructing a road connecting China’s Xinjiang region to Pakistan’s Gwadar Port.

CPEC constituted three important phases; the short-term phase, the medium-term phase, and the long-term phase. The first phase of CPEC is to focus on energy and infrastructural projects to nurture the ground for the development of Special Economic Zones (SEZs) and industrial build-up in the second and third phases.

Data from the Chinese Embassy in Pakistan shows that till the date, CPEC has generated a  more than 236,000 jobs in Pakistan and the employment rate of Pakistan will further be boosted, as it has an overall potential to generate 1.2 million employment opportunities.

CPEC Vision & Mission

To improve the lives of people of Pakistan and China by building an economic corridor promoting bilateral connectivity, construction, explore potential bilateral investment, economic and trade, logistics and people to people contact for regional connectivity. It includes:

» Integrated Transport & IT systems including Road, Rail, Port, Air and Data Communication Channels
» Energy Cooperation
» Spatial Layout, Functional Zones, Industries and Industrial Parks
» Agricultural Development
» Socio-Economic Development (Poverty Alleviation, Medical Treatment, Education, Water Supply, Vocational Training)
» Tourism Cooperation & People to People Communication
» Cooperation in Livelihood Areas
» Financial Cooperation
» Human Resource Development
» Science and Technology and Information Technology

CPEC Significance/Potential

China-Pakistan Economic Corridor has Significance for the development of the region. Potential areas of cooperation/development include:

» Regional Connectivity
» Diverse Investment opportunities
» Industrial Cooperation
» Financial Cooperation
» Agricultural Cooperation
» Socio-Economic Development
» Tourism including coastal Tourism
» Educational linkage
» Human resource development
» People to people contact
» Increase in livelihood opportunities
» Enhance Security and stability of the region

Gwadar Projects Under CPEC

Completed Projects

» Development of Port and Free Zone
» Gwadar Smart Port City Master Plan
» Pak-China Technical and Vocational Institute at Gwadar
» Gwadar Eastbay Expressway

Under Construction Projects

» New Gwadar International Airport
» Necessary facilities of fresh water treatment, water supply and distribution
» Pak-China Friendship Hospital
» 300MW Coal-Fired Power Project at Gwadar
» 1.2 MGD Desalination Plant
» 5 MGD Water Desalination Plant Gwadar