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CPEC PROJECTS WORTH $17BN IN ADVANCE STAGE OF APPROVAL

ISLAMABAD: Several projects worth US$ 17 billion under China Pakistan Economic Corridor (CPEC) are in pipeline and advance stage of approval.
Out of US$ 46 billion to be invested under CPEC initiative in Pakistan, road network, infrastructure and energy projects worth US$ 18 billion are already under full and active implementation phase.
According to official sources in the ministry of planning, development and reform here, the projects are being completed under CPEC at Bin Qasim, Sahiwal, Karakuram Highways, Western Route, Sukkur-Karachi motorway.
He said the CPEC is not only a network of roads, energy projects, infrastructure but it was a framework.
He informed that within two year, energy would be available for every sector after completion of first phase of the initiative.
The early harvest projects under CPEC initiative are moving forward swiftly and first batch including energy and infrastructure projects would be completed by fiscal year 2017-18.
Work on Western route is progressing satisfactorily while Gwadar Airport and Eastbay Expressway in Gwadar are in advanced stages of approval by Chinese side and will have the ground breaking within a couple of months.
The work on technical and vocational training institutes of Gwadar is being carried out to make them operational as early as possible.
With the completion of the early harvest energy projects, 10,000 MW would be added in national grid by 2018.

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