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China Pakistan Economic Corridor CPEC.

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China Pakistan Economic Corridor CPEC.

T
The School of Life

2 Views • Dec 28, 2017

Description

China–Pakistan Economic Corridor is a collection of infrastructure projects currently under construction throughout Pakistan. Originally valued at $46 billion, the value of CPEC projects is now worth $62 billion. CPEC is intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of: modern transportation networks, numerous energy projects, and special economic zones. On 13 November 2016, CPEC became partly operational when Chinese cargo was transported overland to Gwadar Port for onward maritime shipment to Africa and West Asia.