The Pakistani government and the country’s press are calling CPEC (China-Pakistan Economic Corridor) a ‘game changer’, with many analysts saying the $46 billion Chinese investment will make Pakistan the next Asian Tiger.
What is CPEC?
CPEC is said to be China’s biggest ever overseas investment. A 3,218-km-long route, to be built over 15 years, consisting of highways, railways and pipelines that will connect Gwadar Port to Xinjiang. The project costs $75 billion, of which over $45 bn will ensure corridor become operational by 2020. Remaining investment will be spent on energy generation and infrastructure development.