CPEC: 45 Projects Completed Worth $25.61 Billion, Major Schemes Still Delayed
As many as 45 projects under the China-Pakistan Economic Corridor (CPEC) have been completed at a total cost of $25.61 … Read More The post CPEC: 45 Projects Completed Worth $25.61 Billion, Major Schemes Still Delayed appeared first on ProPakistani .
The China-Pakistan Economic Corridor (CPEC) has seen the completion of 45 projects worth $25.61 billion, according to government documents, as reported by ProPakistani. These projects encompass 17 energy initiatives, 15 infrastructure ventures, and 13 initiatives aimed at fostering economic and social development. Among the notable completed energy projects are the Sahiwal and Port Qasim coal-fired power plants, which together cost $1.91 billion.
Additionally, the 884-megawatt Suki Kinari Hydropower Project in Kaghan and the 392-kilometer Multan-Sukkur Motorway (M-5) in the infrastructure sector were also brought to fruition under CPEC, with expenses totaling $1.99 billion and $2.8 billion respectively.
However, the article highlights that several major CPEC schemes are still grappling with delays. The 1,733-kilometer Main Line-1 (ML-1) railway project has been stuck due to hiccups in securing finances and approvals. Similarly, the 43-kilometer Karachi Circular Railway (KCR) has been delayed after it was transitioned to the Public-Private Partnership (PPP) mode, with its progress hindered by drawn-out deliberations and procedural setbacks.
Furthermore, work on the Gwadar Hospital and Vocational Institute, among other projects in Gwadar, has been slowed by COVID-19-related restrictions. The 210-kilometer Dera Ismail Khan-Zhob Highway also remains stalled following a decision regarding local financing.
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