What's new

China Pakistan Economic Corridor (CPEC) | Updates & Discussions

Drilling job for pillers at E35 Chechiyan interchange
near harripur .. khanpur road
11923197_1182103205136988_91625424834738983_n.jpg


E35 towards Kot Najibullah from chechiyan Interchange

11889446_1182103218470320_1571976005889051257_n.jpg


E35 Chechiyan Interchange

11898530_1182103271803648_4060070699300864340_n.jpg


11891067_1182103315136977_4733954849107334500_n.jpg

Piller preparation for E35 Interchange

11863278_1182103345136974_5104757811718406415_n.jpg

Underground Pillers for Interchange at Chechiyan Khanpur road E35 Project

11891084_1182103425136966_3019162211690052413_n.jpg


11909508_1182103475136961_6361423516796441194_n.jpg

11895991_1182103465136962_998813191131690226_n.jpg
 
. .
Shanghai Electric Power, govt sign Thar coal power project

http://dunyanews.tv | Posted: 22 Aug 2015, 09:19

a21dbc44c5b8098066f129f502f9b09c.jpg


The project, costing 2 billion dollars, will be completed in 2018.

Shanghai Electric Power signed an agreement with Pakistani government regarding Thar coal power project on Friday. Federal Minster of Power and Energy Khawaja Asif said that the project worth 2 billion dollars with will bring 1320 Megawatt (Mw) which will be charged at an initial tariff of 8 rupee per unit, reported Dunya News.

Talking at the occasion, Federal Minster of Power and Energy Khawaja Asif said that Thar coal power project is a vital part of China-Pakistan Economic Corridor (CPEC). The project, costing 2 billion dollars, will be completed in 2018. He said that project will bring 1320 Mw which will be charged an initial tariff of 8 rupee per unit.

Federal Minster of Power and Energy said that LNG is being supplied to the power plants.
 
. .
..........................................................................
From China to Pakistan: A well-thought-out 3,000km lifeline

Pramit Pal Chaudhuri and Imtiaz Ahmad, Hindustan Times, Beijing/Delhi/Karachi|

Through September, working groups of Chinese and Pakistanis will finalise 40-plus projects to launch the $46 billion China-Pakistan Economic Corridor (CPEC). Both governments see this as more than just a construction project. The corridor is designed to transform Pakistan’s economy—and potentially China’s global status.

Already in the Arabian Sea port of Gwadar, the southern terminus of the corridor, the Chinese have begun upgrading the harbour. So has the expansion of the highway out of the port, a road that will run 3000 kilometres to the Chinese border town of Kashgar.

Much of the corridor’s initial expenditure is on power plants. Nearly $34 billion of the corridor’s funds will go to energy projects, with over half of this going to electricity production. When completed, Pakistan’s national grid will receive 10,400 MW additional power.

Beijing’s logic is simple. As an ex-Chinese ambassador to Pakistan explained, “Solving Pakistan’s power deficit is the first step to stabilising its economy.” Pakistan struggles with rolling blackouts thanks to an annual power deficit of about 5,000 MW. The contracts also help Chinese makers of generators, solar cells and the like, all of which suffer from huge overcapacity and need overseas buyers. Pakistan’s Prime Minister Nawaz Sharif, publicly says before his term ends in 2018, power cuts will be a thing of the past.

The CPEC agreement goes far beyond a port, highway and power plants. Gwadar will be all but rebuilt with a hospital, new drinking water supply and an international airport. The agreement spans Chinese biotech for cotton farmers to a multi-million dollar fibre optic network to slots on Pakistani Television for Chinese shows.

While the Karachi-to-Kashgar axis—Gwadar included—receives the most attention, it is only the easternmost of three corridors. Plans exist for central and western alignments—the latter running from Gwadar to Quetta and beyond.

Beijing has made the eastern alignment priority, postponing the central alignment that many Pakistanis prefer. China cites the July 2013 memorandum which says construction would “take the easiest [route] first”.

This has not gone down well with many provinces. Balochistan economic advisor, Kaiser Bengali, complained the present plan would not help economic activity in backward areas. Senator Taj Haider of the Pakistan People’s Party, noting wealthy Punjab would benefit the most, has promised his party would “protest” against “the choice of route” and “the placement of some of the projects”. Under pressure from the military, however, the provinces have grudgingly endorsed the corridor. Balochistan chief minister Abdul Malik Baloch, a strident critic, is among those who have backtracked recently.

China has security concerns about the two other alignments, fed by Pakistani fears that India would somehow sabotage the corridor’s construction.

Pakistani army chief, General Raheel Sharif, last month twice warned “enemies of the state” would try to stop the corridor.

Islamabad plans to train 12,000 security personnel to protect the coming hordes of Chinese workers. This will be in addition to the 8,000 security personnel already deployed to guard existing Chinese workers. Chinese media has already fretted about its workers being abducted. Reports say Chinese and Pakistani intelligence are sharing information on the anti-corridor activities of “foreign hostile agencies”—a reference to India’s Research and Analysis Wing.

Beijing’s heavy-handedness is because Chinese leader, Xi Jinping, wants CPEC to come up as fast as possible for prestige reasons.

His vision of an Asia-spanning infrastructure web with China at its centre—One Belt, One Road—has been less than popular with many countries. India Prime Minister Narendra Modi has pointedly refused to endorse the idea. Indian officials say this was in large part because CPEC, seen as part of One Belt, One Road, runs through Indian-claimed parts of Kashmir.

Says Andrew Small, author of The China-Pakistan Axis: “CPEC will be a test case for One Belt, One Road. It’s pretty much the most advanced set of projects within the whole initiative.” If China can transform a basket case like Pakistan, a place where the United States has spent billions in vain, Beijing’s standing in the developing world will be massively enhanced. As some diplomats have said, this could be Beijing’s “Marshall Fund moment”.

Another motive, not mentioned in public, is terror. Chinese academics and military officers admit the rise of Islamist militancy inside their country is “their number one security concern.” As the US leaves Afghanistan, China sees the corridor as a preventive against a coming jihadi epidemic.

As a senior US official said, “China follows a simple Marxist logic about this: low economic development means greater militancy.” The idea the corridor could save Pakistan, however, is also attractive to the Obama administration. Iran is sniffing at the possibility of linking itself to the corridor.

Though the CPEC has just started, Islamabad already benefits. Credit rating agency Moody’s, which puts Pakistan just two notches above default, declared the corridor a “credit positive”. This, despite the IMF slashing Pakistan’s forecasted 2015 growth rate to 2.6%. Beijing wants to turn this figure around quickly and has frontloaded $28 billion of its corridor expenditure.

Chinese officials say that as the corridor comes up, they hope to move factories to Pakistan. At present total Chinese FDI into Pakistan is less than $1 billion.

The strategic ambition behind the CPEC is sprawling. This is the largest foreign investment in Pakistan’s history and the largest overseas venture by China. Beijing’s commitment dwarfs the $1.5 billion a year Pakistan gets from the US.

Normally cautious when it ventures overseas, with this corridor China shows the confidence of a big-time gambler. The CPEC excites Beijing because it has so many pluses for Chinese strategy: stabilise an ally and jihadi source; create a market for Chinese capital goods; and offers a flagship project for Xi’s global plan.

:....................................................................................................................

30_08_15-metro23.gif


......
 
. .
..........................................................................
From China to Pakistan: A well-thought-out 3,000km lifeline

Pramit Pal Chaudhuri and Imtiaz Ahmad, Hindustan Times, Beijing/Delhi/Karachi|

Through September, working groups of Chinese and Pakistanis will finalise 40-plus projects to launch the $46 billion China-Pakistan Economic Corridor (CPEC). Both governments see this as more than just a construction project. The corridor is designed to transform Pakistan’s economy—and potentially China’s global status.

Already in the Arabian Sea port of Gwadar, the southern terminus of the corridor, the Chinese have begun upgrading the harbour. So has the expansion of the highway out of the port, a road that will run 3000 kilometres to the Chinese border town of Kashgar.

Much of the corridor’s initial expenditure is on power plants. Nearly $34 billion of the corridor’s funds will go to energy projects, with over half of this going to electricity production. When completed, Pakistan’s national grid will receive 10,400 MW additional power.

Beijing’s logic is simple. As an ex-Chinese ambassador to Pakistan explained, “Solving Pakistan’s power deficit is the first step to stabilising its economy.” Pakistan struggles with rolling blackouts thanks to an annual power deficit of about 5,000 MW. The contracts also help Chinese makers of generators, solar cells and the like, all of which suffer from huge overcapacity and need overseas buyers. Pakistan’s Prime Minister Nawaz Sharif, publicly says before his term ends in 2018, power cuts will be a thing of the past.

The CPEC agreement goes far beyond a port, highway and power plants. Gwadar will be all but rebuilt with a hospital, new drinking water supply and an international airport. The agreement spans Chinese biotech for cotton farmers to a multi-million dollar fibre optic network to slots on Pakistani Television for Chinese shows.

While the Karachi-to-Kashgar axis—Gwadar included—receives the most attention, it is only the easternmost of three corridors. Plans exist for central and western alignments—the latter running from Gwadar to Quetta and beyond.

Beijing has made the eastern alignment priority, postponing the central alignment that many Pakistanis prefer. China cites the July 2013 memorandum which says construction would “take the easiest [route] first”.

This has not gone down well with many provinces. Balochistan economic advisor, Kaiser Bengali, complained the present plan would not help economic activity in backward areas. Senator Taj Haider of the Pakistan People’s Party, noting wealthy Punjab would benefit the most, has promised his party would “protest” against “the choice of route” and “the placement of some of the projects”. Under pressure from the military, however, the provinces have grudgingly endorsed the corridor. Balochistan chief minister Abdul Malik Baloch, a strident critic, is among those who have backtracked recently.

China has security concerns about the two other alignments, fed by Pakistani fears that India would somehow sabotage the corridor’s construction.

Pakistani army chief, General Raheel Sharif, last month twice warned “enemies of the state” would try to stop the corridor.

Islamabad plans to train 12,000 security personnel to protect the coming hordes of Chinese workers. This will be in addition to the 8,000 security personnel already deployed to guard existing Chinese workers. Chinese media has already fretted about its workers being abducted. Reports say Chinese and Pakistani intelligence are sharing information on the anti-corridor activities of “foreign hostile agencies”—a reference to India’s Research and Analysis Wing.

Beijing’s heavy-handedness is because Chinese leader, Xi Jinping, wants CPEC to come up as fast as possible for prestige reasons.

His vision of an Asia-spanning infrastructure web with China at its centre—One Belt, One Road—has been less than popular with many countries. India Prime Minister Narendra Modi has pointedly refused to endorse the idea. Indian officials say this was in large part because CPEC, seen as part of One Belt, One Road, runs through Indian-claimed parts of Kashmir.

Says Andrew Small, author of The China-Pakistan Axis: “CPEC will be a test case for One Belt, One Road. It’s pretty much the most advanced set of projects within the whole initiative.” If China can transform a basket case like Pakistan, a place where the United States has spent billions in vain, Beijing’s standing in the developing world will be massively enhanced. As some diplomats have said, this could be Beijing’s “Marshall Fund moment”.

Another motive, not mentioned in public, is terror. Chinese academics and military officers admit the rise of Islamist militancy inside their country is “their number one security concern.” As the US leaves Afghanistan, China sees the corridor as a preventive against a coming jihadi epidemic.

As a senior US official said, “China follows a simple Marxist logic about this: low economic development means greater militancy.” The idea the corridor could save Pakistan, however, is also attractive to the Obama administration. Iran is sniffing at the possibility of linking itself to the corridor.

Though the CPEC has just started, Islamabad already benefits. Credit rating agency Moody’s, which puts Pakistan just two notches above default, declared the corridor a “credit positive”. This, despite the IMF slashing Pakistan’s forecasted 2015 growth rate to 2.6%. Beijing wants to turn this figure around quickly and has frontloaded $28 billion of its corridor expenditure.

Chinese officials say that as the corridor comes up, they hope to move factories to Pakistan. At present total Chinese FDI into Pakistan is less than $1 billion.

The strategic ambition behind the CPEC is sprawling. This is the largest foreign investment in Pakistan’s history and the largest overseas venture by China. Beijing’s commitment dwarfs the $1.5 billion a year Pakistan gets from the US.

Normally cautious when it ventures overseas, with this corridor China shows the confidence of a big-time gambler. The CPEC excites Beijing because it has so many pluses for Chinese strategy: stabilise an ally and jihadi source; create a market for Chinese capital goods; and offers a flagship project for Xi’s global plan.

:....................................................................................................................

30_08_15-metro23.gif


......


Good progress! Once infra is laid down, industrial/manufacturing/services from the private sector will be attracted to the corridor, so the faster the better!
 
. .
How long will the entire infrastructure take to build ?

there are many projects each have different Timeline... But The Whole Project will complete till 2030....

many power project and some highways will complete in 2018
 
.
there are many projects each have different Timeline... But The Whole Project will complete till 2030....

many power project and some highways will complete in 2018

I am assuming you are expanding the current highways than building new ones.
 
. . . .
Kararoram Highway Attabad Lake Tunnels

Open for Public now
smile.gif

IMG_66795011704591_zpsxpq9biop.jpeg


11030543_891558570880484_7666207591092376509_n_zpsa8m4djcm.jpg


11960274_891558530880488_2548647367254386271_n_zps7ib1sdnz.jpg


11036078_891558550880486_2047544949274855633_n_zpshzgy4yor.jpg


11924573_891558554213819_5827656449191576804_n_zps2r0zptcg.jpg


11027777_891558567547151_3558539684685932932_n_zpspvmepvrf.jpg


11952018_10153023355911022_2223992320423049739_n_zpssxb7h7jw.jpg


Economic corridor: China to extend assistance at 1.6 percent interest rate
September 2, 2015
http://www.brecorder.com/market-data...nds/0/1223449/

China would extend assistance to Pakistan at 1.6 percent interest rate for infrastructure projects under the China-Pakistan Economic Corridor (CPEC), it is learnt. Member, Infrastructure and Regional Connectivity of Planning Commission Malik Ahmad Khan confirmed that China would extend assistance to Pakistan at 1.6 percent interest for infrastructure projects under CPEC. "We wanted China to reduce this rate from 1.6 percent to 1 percent. And the Finance Division is making efforts in this regard," he added.

Under the China-Pakistan Economic Corridor Projects (CPEC), China has promised to invest around $11.8 billion in infrastructure projects and $33.8 billion in various energy projects which will be completed by 2017 at the latest. According to sources, the corridor is a 2,700-kilometre highway that would stretch from Kashghar to Gwadar through Khunjrab. The CPEC will integrate the economies of the two friendly countries; it envisages several economic zones.

The sources said the first phase involves development of Gwadar Port which received a major boost when control of Gwadar Port was transferred to China's state-owned China Overseas Ports Holding in February 2013. The construction of an international airport is also envisaged under the first phase of the CPEC. Senior official sources revealed that during meetings of the Joint Working Groups (JWG) in Beijing on August 24 and 25, China asked the Pakistan Muslim League-Nawaz (PML-N) government to expedite its work on the Gwadar International Airport.

China has converted Rs 23 billion loans for Gwadar International Airport into a grant and extended an interest-free loan of Rs 13.5 billion for the construction of Gwadar East Bay Expressway. Member, Infrastructure and Regional Connectivity of Planning Commission confirmed that China has agreed to convert loans for the Gwadar International Airport into a grant and to extend an interest-free loan for the Gwadar East Bay Expressway; but added that the decision is not firm yet.

Sources added that it was also decided during the JWG meetings that the two major infrastructure projects would be completed by December 2017 - projects that are regarded as the catalyst that would enhance investment and development in Gwadar. The new Gwadar airport will be a modern airport of international standard and cater to the requirements of a bustling industrial commercial city. It will become a major hub for international flights operating in the region, sources said. The federal government has already completed the tendering process for East Bay Expressway and new Gwadar airport projects but the pace has been slow due to the required legal formalities. Since now China has taken up the responsibility for financing, things are expected to move at a much faster pace, sources revealed.

Pakistan and China have signed agreements for upgrading 1,300-kilometre Karakorum Highway connecting to Islamabad and laying a fibre-optic cable from the Chinese border to Rawalpindi. Sources said the Chinese government is dealing with Pakistan's military on a fibre-optic project and the two have already held a series of meetings. A meeting between the concerned military officers and the Prime Minister on this project is expected soon, sources added.

According to documents, the Eximbank China has agreed to provide the government a concessional loan at an interest rate of 2 % per annum for Cross Boarder Optic Fiber Project. The draft loan agreement has been cleared by the Finance Division. Pakistan will greatly benefit in terms of enhanced security and revenue from the state of the art optic fiber project between Pakistan and China for which a prominent Chinese telecom firm "Huawei" has been assigned the task. The optic fiber will be laid between Rawalpindi and Khunjrab, a distance of 820 Kilometers.

Malik Ahmed Khan said that there is no delay in Cross Boarder Optic Fiber Project and work on the project is continuing. Major infrastructure projects envisaged under the CPEC are Karakorum Highway up to Islamabad, Karachi-Lahore motorway, new Gwadar Airport, Gwadar Port with Kashghar through motorway and Motorway from Lahore to Karachi, etc.



=====================
Pakistan is being offered these loans at a very low 1.6% interest rate, whereas China typically charges other countries a still-very-low 2 to 3% interest rate for concessionary loans. To see how good of a deal these loans are, contrast these rates with the typical 5-8.5% interest rates charged by the World Bank/Asian Development Bank for infrastructure projects. And further consider that the WB/ADB will only loan relatively small sums of money, whereas China is offering these low rates for much more substantial amounts of money.


2,000 acres leased to China for Gwadar Economic Zone
August 27, 2015
http://www.thenews.com.pk/Todays-New...-Economic-Zone


ISLAMABAD: Pakistan has leased out over 2,000 acres of land to China for 43 years mainly belonging to the Pakistan Navy and the provincial government in order to construct the first Free Economic Zone (FEZ) at Gwadar.

Under the much-hyped China-Pakistan Economic Corridor (CPEC), both Beijing and Islamabad decided to utilise $786 million for different important physical projects related to Gwadar, including the construction of airport at an estimated cost of $230 million.

In addition, the Gwadar Coal Power Project will be constructed at an estimated cost of $360 million in order to generate 300MW electricity. So, Gwadar will have an overall investment of $1 billion under the CPEC....

...“Another 500 acres of land will be leased out to China very soon to complete their requirement for the construction of the first SEZ at Gwadar, so the total land of 2,500 acres will be provided to their companies,” top economic officials of the Nawaz government said here on Wednesday.

When asked last week, Federal Minister for Planning Ahsan Iqbal and Federal Secretary Hassan Nawaz Tarar had both confirmed that Pakistan had leased out over 2,000 acres of land to Chinese companies while another 500 acres of land would be provided soon. The FEZs at Gwadar will be completed in the first phase.

According to official documents available with The News, Pakistan and China would be utilising $46.4 billion under the CPEC initiative out of which $786 million would be utilised for different development projects at Gwadar. For the construction of infrastructure for the Free Economic Zone and Economic Processing Zones port related industries will cost $35 million.

The Eastbay Expressway project for Gwadar would cost $140 million under the CPEC initiative. The construction of breakwaters will cost $130 million.

The dredging of berthing areas and channels will cost $27 million under the CPEC over the next couple of years.

Necessary facilities of fresh water treatment plant at Gwadar will cost $114 million under the CPEC over the next few years.

One state-of-the-art hospital will be constructed at Gwadar at an estimated cost of $100 million. Both the sides also decided to establish a technical and vocational institute at Gwadar at an estimated cost of $10 million.
__________________


China Three Gorges Corp eyes $7 billion in hydro projects in Pakistan
April 27, 2015
http://economictimes.indiatimes.com/...w/47070091.cms

ISLAMABAD: A new subsidiary of Chinese state-run energy giant China Three Gorges Corp is seeking financing for $7 billion in energy projects in Pakistan and has started work at the site of the first project, its chairman told Reuters on Monday.

The new company, the Hong Kong-based China Three Gorges South Asia Ltd, began construction at the site of the long-planned 720 MW Karot hydropower project during the visit of Chinese President Xi Jinping this month.

The project [Karot Dam] is part of a $46 billion infrastructure and energy package that Xi announced to strengthen Pakistan's sluggish economy and tackle severe electricity shortages.

The package will give China access to Asian markets and Pakistan's deepwater Gwadar port...

Read more at:
http://economictimes.indiatimes.com/...campaign=cppst


China Three Gorges Coming in for Indus Hydropower
August 29, 2015
http://www.pakistantoday.com.pk/2015...us-hydropower/

After a nod from the government, Water and Power Development Authority (WAPDA) is expected to formally enter into an agreement with the Chinese conglomerate China Three Gorges Corporation for the construction of at least three hydropower projects in the upper Indus cascade, an official source said.

Per sources, Minister for Water and Power Khawaja Asif has directed WAPDA Chairman Zafar Mahmood to facilitate the Chinese investors in every possible way. The minister’s instructions are to share WAPDA’s technical data about the proposed projects on the Indus with Chinese firm.

The Chinese company has shown interest for the construction of Thakot, Pattan and Bunji power projects. The company is likely to undertake this investment through its subsidiary Three Georges South Asia Investment Limited. WAPDA is already directed to assist the company on these projects.

The source said the time frame for the initiation of the projects is not clear as yet but looking at the Chinese interest, it seems quite possible that they will enter into agreement with WAPDA within the next few weeks. It would be a great achievement as Chinese investment will attract investment from other countries.

It is important to mention that the government is being criticized for ignoring the hydro power sector while promoting the thermal, coal and LNG based power plants. The Diamer Bhasa Dam and Dassu Hydel power projects are on the hold due to the lack of investment


the total tally for announced Chinese investment (if the additional $5.3 billion above is approved) will be about $55 billion.

$46 Billion for CPEC
$7 Billion from Three Gorges ($5.3 as above, and $1.7 billion for Karot Dam which is being built by funds from China's Silk Road projects, not CPEC)
$1.6 Billion that was recently announced on August 12, 2015.
 
.
Two questions Guys
1. When is work going to start on Zhob-Dera Ismail Khan section of the N50 highway and the second question is regarding Attaabad i mean the barrier is already there for the storage of water the intriguing point is how to evolve this barrier into a electricity producing dam albeit a small one even 50 MW would suffice
 
.
Back
Top Bottom