What is current status of CPEC?

What is current status of CPEC?

Originally valued at $47 billion, the value of CPEC projects is worth $62 billion as of 2020. CPEC is intended to rapidly upgrade Pakistan’s required infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.

What are the routes of CPEC?

CPEC Westren Route Projects

# Project Name Length (KM)
1 D.I Khan (Yarik) –Zhob (N-50) 210
2 Khuzdar-Quetta– Chaman Section (N-25) 431
3 Surab-Hoshab (N-85) 449
4 Gwadar – Turbat – Hoshab (M-8) 193

What area does CPEC cover?

The CPEC is divided into the following five functional zones from north to south: Xinjiang foreign economic zone, northern border trade logistics and business corridor & ecological reserve, eastern and central plain economic zone, western logistics corridor business zone, and southern coastal logistics business zone.

How many phases is CPEC?

CPEC was planned to be completed in three phases. The first phase of CPEC was to remove key economic bottlenecks namely energy and infrastructure. The current phase is about industrialization, socio-economic and agricultural cooperation and promoting business and consolidating developments.

Who is current chairman of CPEC?

CPEC Business Council

Sr.# Name & Designation with Ministry / Department / Organization
1. Mr. Abdul Razak Dawood, Advisor to Prime Minister for Commerce & Investment
2. Chairman, BoI
3. Lt. Gen (R) Asim Saleem Bajwa, Chairman, CPEC Authority

What is western route of CPEC?

The Western Alignment refers to the portions of the China–Pakistan Economic Corridor (CPEC) which are located in the Pakistani provinces of northwestern Punjab, Khyber Pakhtunkhwa and Balochistan.