CPEC - China Pakistan Economic Corridor
English Essay on "CPEC - China Pakistan Economic Corridor"
CPEC (China Pakistan Economic Corridor) is an economic corridor between China and Pakistan. At Present, that corridor is an under construction which estimated cost above 54 billion dollars. The aims of this project to connect Gwadar Port in Southwestern Pakistan with Xinjiang in far -Western China. The Project including various infrastructure in terms of energy projects, motorways, Highways and Railways to be built, in order to link Gwadar and karachi with the chinese region.
The Vision and Mission of CPEC is �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:adamjeecoaching.blogspot.com
Under the CPEC Project, major upgrades are sanctioned to Pakistan�s transportation network. Comprise reconstruction and upgrade works on National Highway 35 which forms the Pakistani portion of the Karakoram Highway that spans the 887 Km long.
The Shanghai Electric company of China will construct two 660MW power plants as part of the "Thar-I" project in the Thar coalfield of Sindh Province, while "Thar-ll" will be developed by a separate consortium. The facility will be powered by locally sourced coal, and is expected to be put into commercial use in 2018. Pakistan's National Electric Power Regulatory Authority (NEPRA) has agreed to purchase electricity from both Thar-l and Thar-ll at a tariff of 8.50 US cents/kWh for the first 330 MW of electricity, 8.33 US cents/kWh for the next 660 MW, and 7.99 US cents/kWh for the next 1,099 MW as further phases are developed.
Liquefied natural gas power LNG projects are also considered vital to CPEC. The Chinese government has announced its intention to build a $2.5 billion 711 kilometre long liquid natural gas pipeline from Gwadar to Nawabshah in province as part of CPEC.(9essay.com) The project will not only provide gas exporters with access to the Pakistani market, but will also allow China to secure a route for its own imports.
Pakistan Navy and Chinese Navy ships are to jointly guard the safety and security of the CPEC Project, as Pakistan seeks to expand the role of its maritime forces. From December 2016, Pakistan's Navy established a special taskforce "TF-88" to ensure there is maritime security for corridor.
CPEC is considered economically vital to Pakistan in helping it drive economic growth. The Pakistani media and government have called CPEC investments a "game and fate changer" for the region, which would be one of the largest ever sums of foreign direct investment into Pakistan. As a result of improved infrastructure and energy supplies, the Pakistani government expects that economic growth rates will reach 7% by 2018. China Pakistan Economic Corridor is hope of better region of the future with peace, development and growth of economy.
The Vision and Mission of CPEC is �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:adamjeecoaching.blogspot.com
- 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 & poverty alleviation
- Tourism cooperation & people to people communication
- Cooperation in livelihood areas
- Financial cooperation
- Human Resource Development
Under the CPEC Project, major upgrades are sanctioned to Pakistan�s transportation network. Comprise reconstruction and upgrade works on National Highway 35 which forms the Pakistani portion of the Karakoram Highway that spans the 887 Km long.
The Shanghai Electric company of China will construct two 660MW power plants as part of the "Thar-I" project in the Thar coalfield of Sindh Province, while "Thar-ll" will be developed by a separate consortium. The facility will be powered by locally sourced coal, and is expected to be put into commercial use in 2018. Pakistan's National Electric Power Regulatory Authority (NEPRA) has agreed to purchase electricity from both Thar-l and Thar-ll at a tariff of 8.50 US cents/kWh for the first 330 MW of electricity, 8.33 US cents/kWh for the next 660 MW, and 7.99 US cents/kWh for the next 1,099 MW as further phases are developed.
Liquefied natural gas power LNG projects are also considered vital to CPEC. The Chinese government has announced its intention to build a $2.5 billion 711 kilometre long liquid natural gas pipeline from Gwadar to Nawabshah in province as part of CPEC.(9essay.com) The project will not only provide gas exporters with access to the Pakistani market, but will also allow China to secure a route for its own imports.
Pakistan Navy and Chinese Navy ships are to jointly guard the safety and security of the CPEC Project, as Pakistan seeks to expand the role of its maritime forces. From December 2016, Pakistan's Navy established a special taskforce "TF-88" to ensure there is maritime security for corridor.
CPEC is considered economically vital to Pakistan in helping it drive economic growth. The Pakistani media and government have called CPEC investments a "game and fate changer" for the region, which would be one of the largest ever sums of foreign direct investment into Pakistan. As a result of improved infrastructure and energy supplies, the Pakistani government expects that economic growth rates will reach 7% by 2018. China Pakistan Economic Corridor is hope of better region of the future with peace, development and growth of economy.
