After the successful completion of CPEC phase one, Pakistan is gearing up for Phase II of multi-billion dollar China Pakistan Economic Corridor. CPEC Phase II is envisioned to generate massive employments in country through multiple projects as it has already brought relief in infrastructure and energy sector.
CPEC Phase II Loaded with More Projects – Latest Update
Chairman of CPEC Authority Lt-Gen (retd) Asim Saleem Bajwa has said that Phase one of CPEC has brought relief in infrastructure and energy sector with across the board acceptability. He told that Phase II of CPEC will create enormous jobs through mass industrialization, agriculture and socio-economic uplift.
Nine energy projects have already been completed with cost of $7.9 and provided jobs to over 5000 Pakistanis. Eight energy projects are underway aiming to produce 4,470 MW electricity with investment of $9.55 Billion and will provide more employments to over 15,000 Pakistanis.
Mansehra – Thahkot Section near Completion under CPEC – Latest Update
Recently National Highway Authority (NHA) has reported on the progress of 79 Kilometers Mansehra-Thahkot section which is an early harvest project under CPEC and almost 90% funded by China Exim Bank. Mansehra-Thahkot section of highway is near completion as it’s almost 98% done with the developmental progress.
The entire route of Havelian-Thahkot project is worth of Rs.133 Billion as the motorway starts from Havelian passes through Abbotabad, Mansehra and Shinkari and ends at Thahkot. Earlier in November 2019, Prime Minister Imran Khan did inauguration of its 40 Kilometers long section from Shah Maqsood inter-change to Mansehra.
The motorway has five tunnels, two at Abbottabad and one each at Battal, Karmong and Mansehra. Upto Mansehra, its 39 km portion has six-lane controlled access portion while the remaining 79 km would be four-lane highway.
CPEC is equipping Pakistan with robust infrastructure and energy sector and Phase II of multi-billion project loaded with more projects will boost employments in country.
Watch the video to get details of open land investment in Gwadar.
For more CPEC and Gwadar related updates, keep visiting our website.