China–Pakistan Economic Corridor
The China Pakistan Economic Corridor often referred to by the acronym CPEC, is a group of projects currently under construction at a cost of $46 billion.
It is intended to rapidly expand and upgrade country’s infrastructure, as well as extend and broaden economic links between People’s Republic of China and Pakistan.
Pakistan with the implementation of CPEC will be able to enhance its strategic importance as a bridge and linkage between the European, Asian and African continents.
Pakistan is boarded by South Asia, Central Asia, the Arab World and China, and connects the Indian Ocean and Persian Gulf.
CPEC is a life-time development opportunity for Pakistan.
To be built over the next several years, the 3,218 kilometre route will connect Kashgar to the port of Gwadar.
There are 21 energy agreements out of which 14 will produce 10,400 megawatts (MW) of electricity by 2018.
The corridor is an extension of China’s proposed 21st century Silk Road initiative. This is the biggest overseas investment by China announced so far and the corridor is expected to be operational within three years.