China seeks “Grand Inauguration” for the largest infrastructure completed under CPEC
China aims rapid progress on a multi-billion-dollar railway line and a ‘grand inauguration’ of a 392-kilometre highway.
- The government of Pakistan wants to expedite the implementation of CPEC projects: Minister for Planning and Development.
- Authorities had decided to divide the Railway line project into three phases because of huge cost estimation of $8.3 billion.
On Friday, a meeting was held and presided over by Minister for Planning and Development Makhdoom Khusro Bakhtyar on the progress that has been made by the projects falls under the CPEC.
Railway Line Project
Decisions about the $8.3 billion Railway Line Project from Karachi to Peshawar (ML-1) would be taken to the CPEC Joint Coordination Committee (JCC) in a meeting that is due in November, says the minister.
He further advices the price preview committee to speed up its consultation with the directives of the prime minister.
On the complaint of Railways ministry, a price review forms a committee to address the issues of the CPEC project. Top government officials due to fear of accountability in the future were reluctant to move ahead on price negotiations says, source.
Prime Minister Imran Khan due to unease expressed by Chinese officials directed the committee to speed up the work. Moreover, inform him directly as soon as the project is complete so that decisions can be shared with officials.
Authorities decide to divide the project into three phases because of huge cost estimation. The first phase will complete in three years that involves four sections of 183km, 120km, 132km, and 118km. The first phase will cost $3 billion.
China wants Grand Inauguration
Ministries were thinking about the soft opening of the Sukkur-Multan Motorway next week but delayed on China’s call. China is insisting on the high-level inauguration, as this is the largest infrastructure worth of $2.9bn under the CPEC.
The Chinese embassy is planning on a grand inauguration ceremony for the 392km project.
Furthermore, efforts are being made for 100pc timely payments to Chinese investors by December.
The NEPRA informed the meeting that it had given the excise for Port Qasim on Sept 16. Whereas, the law ministry would move a rundown for setting up investigative courts to determine tax issues identified with the power ventures.
What are your views on this? Share with us in the comments bar below.