CPEC will provide long-term welfare to local residents
China and Pakistan are all-weather strategic partners. The two countries have forged a rock-solid friendship. The China-Pakistan Economic Corridor (CPEC) is a flagship project of the Belt and Road Initiative co-construction by China and Pakistan, and an important manifestation of the ever-growing “iron friendship”. between the two countries.
The CPEC spans more than 3000 kilometers, it is a link, connecting the Silk Road Economic Belt in the north and the 21st Century Maritime Silk Road in the south. While building a bridge for economic and trade exchanges between China and Pakistan, CPEC constantly enriches the connotation of a China-Pakistan community with a shared future.
In 2013, CPEC was officially proposed and positioned as an “integrated four-sphere” channel and trade corridor covering roads, railways, oil and gas pipelines, and fiber optic cables; in 2015, the “1+4” cooperation plan was formed with the construction of the corridor as the center, focusing on Gwadar port, energy, infrastructure and industrial cooperation. In December 2017, the “China-Pakistan Economic Corridor Vision Plan (2017-2030)” was officially released, combining China’s “Belt and Road” initiative and Pakistan’s “Vision 2025”. In December 2017, the “China-Pakistan Economic Corridor Vision (2030)” was officially released, joining China’s “Belt and Road” initiative and Pakistan’s “2025 Vision”, with a focus on development in areas such as connectivity, energy, trade and industry. parks.
Construction of CPEC bears fruitful results: Since the start of its construction in 2013, CPEC has created one miracle after another: China-Pakistan cross-border optical cable, Karakoram expressway upgrade and reconstruction project, Karot Hydropower Station, Lahore Railway Transit Orange Line Project, Stage 2 of Dam Cut completed at Sugejinaree Hydropower Project, etc.
As of September 2021, the 22 priority projects of the first phase of CPEC are almost completed, half of which are energy projects. For example, the coal-fired power station in Port Qasim, since it was put into commercial operation in April 2018, has generated about 10% of Pakistan’s national grid power supply. It is reported that the coal-fired power plant will exceed 4.6 billion kWh in 2021.
During the first phase of construction, China and Pakistan not only pledged to solve power shortage problems, but also focused on infrastructure construction. There are many flagship projects, including Gwadar Port, Lahore Orange Rail Transport Line Project, Phase II of Karakoram Highway Upgrading and Reconstruction Project, China-Pakistan Cross-Border Optical Cable Project , etc. These mass transport infrastructure constructions are of great importance to the economy of Pakistan. development. Thanks to the highways and energy infrastructure, an increasing number of Chinese companies have come to invest in Pakistan, effectively promoting the country’s economic development and at the same time laying a solid foundation for industrial cooperation in the second phase of the corridor.
Under CPEC, China and Pakistan have greatly facilitated cross-regional connectivity through the construction of various infrastructure.
Taking the example of the port of Gwadar in Balochistan, it is not only one of the four key points of the China-Pakistan economic corridor, but also a pilot project for the co-construction of the “Belt and Road Initiative between China and Pakistan. In November 2016, the port of Gwadar was officially opened, and from there the first Chinese commercial ships set sail. From its humble beginnings as a small fishing village, over years of development, Gwadar Port has gradually transformed into a regional logistics hub.
Qaiser Nawab Award-Winning Strategic Communications Expert