63 projects with $ 35.2 billion investment scheduled to be completed by 2030 under CPEC: Report

Gwadar Pro

Islamabad: At least 63 projects with an investment of US$ 35.2 billion are scheduled to be completed by 2030 under the China Pakistan Economic Corridor (CPEC), said a report released by the China Three Gorges South Asia Investment Ltd. (CSAIL).

The report mentioned that 27 projects worth US$ 19 billion has already been completed under CPEC.

According to a report titled “Overview of Pakistan’s Power Sector and its Future Outlook” issued by the China Three Gorges South Asia Investment Ltd (CSAIL), 27 projects are under implementation with an investment of US$ 7.7 billion that are scheduled to be completed by 2025.

Some 36 more projects are in pipeline with the approximate investment of US$27.5 billion which would be completed by 2030, the report added.

According to details in the Energy sector, 11 projects with an investment of US$ 12 billion have so far been completed while four projects with an investment of US$ 6 billion are under the implementation process and are expected to be completed by 2025.

Seven more projects worth US$ 7.4 billion are in the pipeline and are expected to be completed by 2030.

The report highlighted that in the infrastructure sector, seven projects with an investment of $6.7 billion have been completed while six more projects of US$ 0.9 billion would be completed by 2025 and 12 projects of US$ 10.4 billion are expected to be completed by 2030.

Likewise, in Gwadar, three projects of US$200 million have so far been completed while two projects of US$ 230 million would be completed in 2025 and two more projects of US$ 150 million are scheduled to be completed by the year 2030.

The report stated that four out of nine identified Special Economic Zones (SEZs) would be completed by 2025 with an investment of US$ 500 million while the rest five SEZs would be completed by 2030 with an investment of US$ 1 billion.

Some six socio-economic projects have so far been completed with an investment of US $10 million while 11 projects of US$ 90 million would be completed by 2025 and 10 projects of US$ 900 million would be completed by 2030.

The report said that other sectors such as International Cooperation, Agriculture, Science and Technology and Information Technology are newly added sectors under the mega project of CPEC and are at the planning stage for third-party participation.