27 CPEC projects costing $19b completed

ISLAMABAD:

Some 27 projects worth $19 billion have so far been completed under the China-Pakistan Economic Corridor (CPEC) while 63 more with investment of $35.2 billion are scheduled to be completed by 2030, a report titled “Overview of Pakistan’s Power Sector and its Future Outlook” issued by the China Three Gorges South Asia Investment Ltd (CSAIL) revealed.

According to the report, 27 projects are at implementation stages with investment of $7.7 billion, which are scheduled to be completed by 2025. Thirty six more projects are in the pipeline with an approximate investment of $27.5 billion, which will be completed by 2030.

According to details, in the energy sector, 11 projects with investment of $12 billion have so far been completed, while four projects worth $6 billion are under the implementation process, which are expected to be completed by 2025.

Similarly, seven more projects worth $7.4 billion are in the pipeline and are expected to be completed by 2030.

The report highlighted that in the infrastructure sector, seven projects with investment of $6.7 billion had been completed while six more projects of $0.9 billion would be completed by 2025 and 12 projects of $10.4 billion were expected to be completed by 2030.

Likewise, in Gwadar, three projects of $200 million have so far been completed. Furthermore, two projects of $230 million will be completed by 2025 and two more projects costing $150 million are scheduled to be completed by 2030.

Four out of the nine identified Special Economic Zones (SEZs) would be completed by 2025 against an investment of $500 million while the remaining five SEZs would be completed by 2030 with investment of $1 billion, the CSAIL report revealed.

In addition to this, six socio-economic projects have so far been completed with an investment of $10 million while 11 projects of $90 million will be completed by 2025 and 10 projects of $900 million will be ready by 2030.

The report described industrial cooperation, agriculture, science and technology and information technology as newly added sectors under the mega CPEC project that are at the planning stage for third-party participation.