Chinese Consul General Yang Yundong said that CPEC has entered its second phase, the next decade will be brighter and more brilliant, which will take the strategic cooperation between Pakistan and China to new heights.
While giving a press briefing in Karachi on the 10th anniversary of CPEC, he said that since CPEC was launched ten years ago, 36 projects have been completed or under construction, with a total direct investment of US$ 25.4 billion in Pakistan.
236,000 job opportunities, 8,000 MW of electricity, 510 km of highways and 886 km of transmission line are included.
He said that there has been significant progress in the construction of Gwadar Port, the port now has 3 multi-purpose berths with a capacity of handling 50 thousand tons.
Consul General Yang Yundong added that Gwadar International Airport, Desalination Plant and China Pakistan Friendship Hospital are about to be completed.
The first part of Gwadar Free Zone has been completed. Agriculture technology and food companies have started operations. Commercial operations have already started.
He said that the coal-fired power plants at Sahiwal, Port Qasim and Hub have been constructed at a fast pace and have started commercial operations. Played an important role in energy self-sufficiency.
The Matiari to Lahore HVDC transmission line is Pakistan’s first high voltage direct current transmission project that can generate more than 30 billion kilowatts of electricity per year, the Sukkur Multan Motorway is the largest infrastructure project under CPEC.
The Consul General said that according to the latest data of the State Bank, China received 432.7 million US dollars in foreign direct investment from Pakistan in fiscal year 23, which is 30 percent of the foreign direct investment coming to Pakistan. And China remains the largest source of FDI in Pakistan