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Advantages of CPEC PDF
Advantages of CPEC PDF
b. Pakistan
(1) In the strategic context, CPEC conforms to Pakistan’s security
paradigm and “Look East” policy and will serve towards
furtherance of strategic partnership.
(2) Located at the crossroads of huge supplying and communicating
markets, fully functional Gwadar Port linked with China and
Central Asia can play a vital role in economic revival of Pakistan.
(3) It also affords us great opportunity for socio-economic
development of GB and Balochistan Province.
(4) Pakistan would benefit through investment from China for
development of requisite infrastructure and to bridge energy
shortfall. This will help Pakistan in realizing the potential to
become a regional trade hub and energy corridor thereby bringing
huge transit revenues and employment opportunities.
(5) Even the conservative estimates show projected possible
revenues of over 100 Billion US Dollars on account of transit
revenue per annum in long term besides creating employment
opportunities in hundreds of thousands.
(6) With 95% of Pakistan’s trade through sea and economy heavily
dependent on sea trade, development of Gwadar Port and its
connectivity is of extreme significance to reduce load on Karachi
and Bin Qasim ports for furtherance of Pakistan’s Sea borne
trade.
4. Key Imperatives for Pakistan. Having seen the immense potential;
what should be our focus to make the most of this opportunity for seeking
sustained economic development and securing our socio-economic future;
Improvement and development of requisite infrastructure is absolutely
essential. Key imperatives in this context are:-
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8. Railway Infrastructure
a. As for Railway Infrastructure, FWO is working in close harmony with
Pakistan Railways and Chinese Firms for development of Pakistan -
China Dedicated Freight Corridor along ML-2 on BOT Basis to carry
anticipated freight traffic of 80 Million Tons per annum.
b. In a phased undertaking, the corridor will extend from Karachi and
Gwadar to Kashagar, which would eventually link GCC Railway
Network and New Eurasion Bridge.
c. FWO has also proposed upgradation of ML-I and ML-3 besides
development of Kashmir Railway that can also be subsequently
linked with China.
9. Petroleum / Oil Sector Infrastructure / Projects. In order to contribute
to the needs of Petrolueum Sector, FWO has planned and proposed various
projects.
a. First project is development of Oil Village along M-2 with a capacity
of 50,000 MT. Work on this project has already commenced. Project
to connect the Oil Village with Bin Qasim Port through White Oil
Pipeline is in advanced stages of approval. The Pipeline shall also
be further extended to Tarujaba in KPK where 35000 MT storage
facility shall be developed. In future, this pipeline would be extended
to Afghanistan and Central Asia.
b. Other mega project is Gwadar - Kashgar Cross Country Oil Pipeline
on Design, Build, Finance, Own and Operate Basis. This oil pipeline
shall reduce the distance between Persian Gulf to Western China
by over 7000 Kilometers ensuing huge saving in time and cost of
transportation of Oil.
c. An Oil Refinery is also being established in KPK.
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