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Pak-china economic corridor

Federal cabinet approves Pak-China economic corridor

The federal cabinet, in a meeting on Monday, approved the Pakistan-China economic corridor, according to a media report said.

According a report of express tribune approval was also agreed along for starting talks with Beijing for importing 1,000 megawatts of electricity from China by laying a new transmission line.

The Pakistan-China Economic Corridor (PCEC) is the country’s major road project launched by the government. Work on one of the sections of the PCEC was started in December 2014, under which a motorway from Havelian to Thakot as phase one of the Islamabad-Raikot section of the corridor would be constructed.

The Havalian to Thakot section of the corridor is being financed by China while other phases will be carried out on the basis of build, operate and Transfer.

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