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China, Pakistan working on $45 bln corridor


04-20-2015 04:54 BJT

Full coverage: Xi Visits Pakistan, Attends Meetings in Indonesia

China and Pakistan are working on the $45 billion China-Pakistan Economic Corridor, or CPEC. Geographically, CPEC refers to the 2,000-kilometer road and rail link connecting Kashgar in west China's Xinjiang Uygur Autonomous Region to the southwestern Pakistani port of Gwadar.

But the project is not merely confined to transportation infrastructure construction. It also includes cooperation in financing, investment and other measures on energy covering coal-fired power plants, hydroelectric and wind-generated power, solar power stations, coal mines and coal supplies.

In addition, CPEC is expected to help improve the security situation in some of the most underdeveloped areas of Pakistan by reducing poverty and generating job opportunities.

The CPEC, an important part of the China-proposed "One Belt and One Road" initiative, has set up the strategic framework for pragmatic cooperation between the two countries.

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