Pakistan and China are working towards early finalization of a Long-Term Plan (LTP) for the China-Pakistan Economic Corridor (CPEC), a Chinese diplomat confirmed on Monday.
The LTP, which covers the projects to be undertaken till 2030, has been behind the timeline set for its adoption. Currently, short-to-medium term projects are being pursued under CPEC, which relate to energy, infrastructure and connectivity. The LTP, officials say, defines the overall direction, ideas and goals of cooperation from present till 2030.
Earlier, Political and Press Counsellor at the Chinese Embassy Jian Han, speaking at a roundtable conference on ‘OBOR and CPEC from the Prism of China-Pakistan Bilateral Relations’ organised by the Strategic Vision Institute (SVI), had said that the LTP “would set the focus for CPEC construction in future”.
At the seminar, the CPEC director said that the project was set to enter the industrialization phase.
Nine economic zones have been identified to be set up in different parts of the country. Currently feasibility studies are being undertaken and financial agreements are expected to be concluded by the next Joint Cooperation Committee meeting to be held later this year.
“We are expecting that by 2018 about 7,000MW of energy would be added to the national grid and linkages of eastern and western routes would be completed,” he said.
“The western route would be completed by July 2018, whereas eastern route would be ready by December 2018,” he said.Source: Dawn News
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