BE2C2 Report — Pakistan Prime Minister Nawaz Sharif on Wednesday announced that 52 countries want to be part of the $56 billion China-Pakistan Economic Corridor (CPEC), being funded by China’s Asian Infrastructure Investment Bank and other financial institutions.
He spoke informally to media in Gwadar, local newspapers reported.
The Pakistani PM is on a visit to Gwadar and Pasni – coastal areas of Balochistan which will serve as the gateway for China’s export and import to the Middle East and Africa. Special Economic Zones, Expressways, Railways, and an international airport are being built.
The corridor is being touted as a game-changer for Pakistan and the region as it would also benefit Central Asian States and the Gulf region.
Nawaz is scheduled to chair a high-level meeting on projects initiated by CPEC in the port city of Gwadar and will address the local populace on Thursday.
He is accompanied by Railways Minister Saad Rafique and Planning Minister Ahsan Iqbal.
Earlier, Nawaz traveled on the newly built 136 km long Pasni-Gwadar Link Road. The motorway was built in record time by the Frontier Works Organization (FWO) – Pakistan army’s fast-track construction outfit.
The section of the road is part of the Makran Coastal Highway project which will link up Karachi port with the newly built China-funded and operated Gwadar port. The highway extends along the Arabian Sea coast in Sindh province to Balochistan province, passing through coastal towns of Ormara and Pasni.