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Pakistan to welcome Iran and Saudi Arabia on joining CPEC

Pakistan would welcome any friendly country desiring to participate in the multi-billion gigantic flagship project of “One Road One Belt” launched by Chinese President, Xi Jining.

Minister for Planning, Development and Reforms, Prof. Ahsan Iqbal has said that Iran and Saudi Arabia’s desire to join China-Pakistan Economic Corridor (CPEC) framework was a good step and Pakistan is willing and happy to work with them.

We will welcome both the brotherly Islamic countries if they want to be part of CPEC,” Ahsan Iqbal said.

“CPEC, a trans-regional project, would benefit three billion people of the region through enhanced regional connectivity with Balochistan and Khyber Pakhtunkhwa provinces of the country to play instrumental role integrating the whole region.” 

“It is a 15-year long project to be completed in 2030 by focussing on infrastructure development, Gwadar Sea Port, Energy and Industrial Cooperation.” He further added.

“CPEC is one the best and transparent projects where no transaction is directly made to government, he added that, US$ 35 billion were to be utilised by the energy sector in the form of private sector investment while rest of the US$ 11 billion investment had to be made by the Chinese companies in the infrastructure sector under concessional financing mode.”

Furthermore, As Western Corridor is progressing in full swing, the Western route of the CPEC, would be completed by 2018. The good news is, by making this route operational, Gwadar would get connected with not only to Quetta but also to Afghanistan. Moreover, people living in the underdeveloped areas would witness new era of development and prosperity.

With the completion of these projects, Gwadar Port will be connected to the national highway network.

Ahsan Iqbal also said that, reconstruction of 110 km long Khuzdar – Basima road project, which was approved by the ECNEC on 26-05-2011, however, no physical work was initiated on the project.

 

 

 

 

 

 

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