China Pakistan Economic Project is a mega flagship project between Pakistan and China. As of yet 11 development projects have been completed. Almost as many of the projects are still under construction.
Till yet almost $18.9 billion have been invested in the CPEC projects according to the latest report by Chinese Embassy in Pakistan.
The progress report stated that almost 20 other projects are in pipeline under the China Pakistan Economic Corridor.
Furthermore the report revealed that 15 energy projects were planned. The overall generation capacity of these projects was 11,110 MW. 7 of the projects have been completed and 6 are under construction. They have a total capacity of 6,910 MW.
As for the infrastructure projects, 3 projects are presently under construction.
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Under the Belt and Road Initiative, CPEC is the biggest and most comprehensive project. It will benefit both China and Pakistan, economically, socially, strategically and politically.
Earlier we informed our readers that on $26.5b CPEC investments Pakistan has to repay China $40 billion. The repayment will be done of the debt and dividends taken by Pakistan. The repayments will be done in twenty years’ time. So even though CPEC will benefit Pakistan in more than one way possible, eyebrows have been raised on the debt crisis Pakistan will fall in to post-CPEC.