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Old Friday, May 05, 2017
khurrmi khurrmi is offline
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Quote:
Originally Posted by Murium View Post
Excellent work
I guess some paragraphs of future prospects must also be included...


The economic corridor is not merely a road or rail track; the economic corridor is a way to bring peace and economic stability in the region. Pakistan; as being one the major countries in south east Asia can benefit a lot form this project as it will help the country to eliminate the energy crisis and other transportation problems. China; on the other hand will also gain a lot of benefit from this project. This is one the main reasons that they are investing more than 46 million dollars in a foreign land. According to sources; this is the biggest investment in a foreign land by China.
Energy is one of the main problems of China. China is one of the major oil importers in the world and with this economic corridor; they will have a route for safe and sustain energy through pipelines. Pakistani officials predict that the project will result in the creation of upwards of 700,000 direct jobs between 2015–2030, and add 2 to 2.5 percentage points to the country’s annual economic growth.
Infrastructure projects under the aegis of CPEC will span the length and breadth of Pakistan, and will eventually link the city of Gwadar in southwestern Pakistan to China’s northwestern autonomous region of Xinjiang via a vast network of highways and railways. Proposed infrastructure projects are worth approximately $11 billion, and will be financed by heavily-subsidized concessionary loans that will be dispersed to the Government of Pakistan by the Exim Bank of China, China Development Bank, and the Industrial and Commercial Bank of China.
Kindly correct your figures, it's $46 billion, not million

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