progress of CPEC. Some loans were converted into grants, some were converted into interest-free so the cost of the overall basket was slashed down to benefit Pakistan, he added.
Official documents available with ‘The News’ reveal that under the CPEC initiative, Beijing and Islamabad had decided to spend $786 million on different important physical projects of Gwadar.
The Gwadar Coal Power Project will be constructed at an estimated cost of $360 million in order to produce electricity of 300MW. So, the overall investment on Gwadar will be more than $1 billion under the CPEC, including one coal power project of 300MW. The construction of infrastructure for Free Economic Zone and Economic Processing Zones port related industries will cost $35 million.
The construction of breakwaters will cost $130 million. The dredging of berthing areas and channels will cost $27 million under the CPEC over the next couple of years. The necessary facilities for a fresh water treatment plant at Gwadar will cost $114 million under the CPEC over the next few years.
One state-of-the-art hospital having 300 bed facilities will be constructed at Gwadar at estimated cost of $100 million. Both the sides also decided to establish a technical and vocational institute at Gwadar at an estimated cost of $10 million.
Meeting was attended by CDA members, DG Resource Wing, ED Capital Hospital and the relevant senior officers
Mian Saleem, who was placed in list of most wanted terrorists, was accused by FIA of blackmailing Judge Arshed Malik
Senator Mohammad Abdul Qadir advocated for creation of authority to regulate and promote Pakistan’s mineral industry
$626,980 was paid for submission and approval of project charter and execution
Speaker advocated collective approach to strengthening democratic and parliamentary institutions across Pakistan
Both discuss matters of mutual interest, and agreed to enhance trade and cultural ties between two friendly countries
