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Gwadar is central to the China-Pakistan Economic Corridor (CPEC) project, envisioned as the link between China's ambitious One Belt, One Road initiative and its 21st Century Maritime Silk Road project. [76] Over $1 billion worth of projects were planned around the port by December 2017.
The book is divided into ten chapters that discuss and evaluate the anticipated economic and geopolitical effects on the region. In addition, it investigates the role of CPEC in the future regional cooperation and integration of subnational regions such as Balochistan, Khyber Pakhtunkhwa (including the Federally Administered Tribal Areas), and Gilgit-Baltistan.
In total, the Export-Import Bank of China has lent approximately US$1 billion to Djibouti, funding nearly 40 percent of Djibouti's substantial infrastructure and investment projects. [17] Due to the Belt and Road initiative, Ethiopia and Djibouti are now bridged through the Addis Ababa–Djibouti Railway and Ethiopia-Djibouti Water Pipeline.
The cost of the project is approximately Rs. 14.7 billion (US$51 million), and will be financed by interest-free loans extended by China's state owned banks. [5] Pakistan will be required only to repay the principal value of the loan. As a condition for receiving a zero-interest rate loan, bidding for the project was limited to Chinese state ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 10 February 2025. Chinese global infrastructure project Belt and Road Initiative Abbreviation BRI Formation 2013 ; 12 years ago (2013) 2017 (2017) (Forum) 2019 (Forum) 2023 (Forum) Founder People's Republic of China Legal status Active Purpose Promote economic development and inter-regional connectivity ...
Construction works on the China-Pakistan Friendship Tunnels can be traced to 2013, when China began construction on a 24-kilometre (15 mi) bypass of Attabad Lake with a combination of 5 km worth of tunnels, two large bridges, and 78 small bridges to bypass the lake which had been formed after a 2010 earthquake triggered massive landslides. The ...
At present, 2567 km of motorways are operational, while an additional 1191 km are under construction. Motorways are a part of Pakistan's “National Trade Corridor Project” and “China-Pakistan Belt Road Initiative,” from Khunjerab Pass near the Chinese border to Gwadar in Balochistan. There are a total of 16 motorways, 11 of which are ...
The CPEC project envisages an expanded and upgraded road network in the aforementioned provinces, and will result in the upgrading or construction of 1,153 kilometres (716 mi) worth of road into two- and four-lane divided highways by mid-2018 along the Western Alignment, [1] with land acquisition sufficient for upgrading parts of the road to a ...