The CPEC project costs $75 billion, of which over $45 bn will ensure corridor become operational by 2020.
The Pakistani government
and the country's press are calling CPEC (China-Pakistan Economic Corridor) a
'game changer', with many analysts saying the $46 billion Chinese investment
will make Pakistan the next Asian Tiger.
What is CPEC?
CPEC is said to be China's biggest ever overseas investment. A 3,218-km-long route, to be built over 15 years, consisting of highways, railways and pipelines that will connect Gwadar Port to Xinjiang. The project costs $75 billion, of which over $45 bn will ensure corridor become operational by 2020. Remaining investment will be spent on energy generation and infrastructure development.
What is CPEC?
CPEC is said to be China's biggest ever overseas investment. A 3,218-km-long route, to be built over 15 years, consisting of highways, railways and pipelines that will connect Gwadar Port to Xinjiang. The project costs $75 billion, of which over $45 bn will ensure corridor become operational by 2020. Remaining investment will be spent on energy generation and infrastructure development.
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