China's overland Silk Road and Maritime Silk Road Thread
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China Pak Investments Acquires Project in , Pakistan
Leading private investment house China Pak Investment Corporation on 29 September announced its acquisition of the 3.6 million square foot International Port City project in the city of Gwadar.
The investment company is currently revising the scheme's plans in line with international developments standards and will be developing the first of its kind $150 million gated master community tailor-made for the expected 500,000 incoming Chinese professionals expected in Gwadar by 2022.
The project which is expected to be renamed China Pak Hills hails an exciting new phase in the development of the port of Gwadar, the 'Gateway City' to the $62 billion China Pakistan Economic Corridor (CPEC), the largest unilateral foreign direct investment from one nation into another.
The is set to catapult Pakistan's stature as a key global trade and economic hub and includes a bouquet of projects currently under construction that will not only improve Pakistan's infrastructure but will deepen the economic and political ties between China and Pakistan.
Hao-Yeh Chang, Corporate Communications Director for China Pak Investments Corporation commented, "We believe Gwadar is following in the footsteps of Shenzen which represented a historic population rise, from a population of 30,000 in 1980 to 11 million people in 2017. Gwadar is poised to see massive population growth due to incoming industries, and we expect this to be one of the most strategic cities in South Asia."
The final master plan for China Pak Hills is currently being refined in Hong Kong, and will feature a range of state-of-the-art amenities including an open-air shopping boulevard; indoor shopping mall; restaurants and eateries; an international school & nursery; six community parks; indoor and outdoor sports facilities including tennis courts and a resident's gymnasium; a water desalination plant and recycling centre. China Pak Hills will also be home to the Gwadar Financial District, catering to the growing financial sector and adding much needed A Grade office space to Gwadar's growing market.
One Investments Ltd, a UK-based property investment company, headed by Zeeshan Shah, have been appointed as Global Master - Agent for the Development. "China Pak Hills is a unique and exciting opportunity. The level of investment and commitment made by the Chinese government in the CPEC guarantees that Gwadar is going to be one of the most important trading and access points in the World. Its geographic position, combined with the infrastructure being created through the CPEC means that it can only grow exponentially."
The China Pak Hills master-community is being developed by China Pak Investments and is soon expected to announce options for the private sale of limited plots to end purchasers.
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East West Corridor: ECNEC approved 1.55 km Layyah-Taunsa 4 lanes Bridge and 24 km two lane approach road with costing Rs 9.8 billion . It would reduce distance between Layyah and Taunsa with Indus Highway (N-55) by over 150 kilometres . It will link shortly Indus Highway and CPEC Eastern Route Faisalabad Multan Motorway (M-4) for Baluchistan transport. — with Kashif Sahu and Saba Farid.
Ecnec also approved the construction of a four-lane bridge across the River Indus that would link Layyah with Taunsa, including two-lane approach roads and river training works (24.272 km) at a rationalised cost of Rs9.8bn. Ecnec directed the National Highways Authority to work out a master plan for future bridges to be constructed across the country.
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approved revival of the Circular Railway (KCR) under with 311 Billion Rs.It will be completed in 2020...
The project to revive the KCR includes the construction of 24 stations, procurement of 162 locomotives each with a capacity of 250 passengers. The project is expected to serve the commuting needs of 515,000 passengers each day, and is projected to be completed in three years — towards the end of 2020. China will provide a major portion of the financing required for the project.
The locomotives will run at an average speed of 45-50 km per hour, and the projected ridership is expected to increase to 750,000 by the year 2030, per day and 915,000 by 2040.
The Executive Committee of the National Economic Council (Ecnec) on Friday approved nine development projects at a cost of Rs311 billion, including the revival of the Karachi Circular Railway (KCR), which will be constructed under the China-Pakistan Economic Corridor (CPEC) framework.
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Brigadier
Update of 230 KM Lahore Multan Motorway M-3 which is part of 1650 Km Peshawar Karachi Motorway PKM .It will be oprational for traffic in April 2018.
Asphalt 2nd layer underway at KM 964+370 near Abdul Hakim. - , ...
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has rejected the objections raised by the over the China - Pakistan Economic Corridor () saying that its One Belt, One Road () initiative was backed by the .
“Over 130 countries and more than 70 international organisations sent representatives to attend the international cooperation summit – ‘Belt and Road Forum’, organised by China here in May and spoke highly of the initiative,”
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Brigadier
First orange line Metro train moves in Lahore , As Train-set Hand-over ceremony of Lahore Orange Line Metro Train Project held today at Lahore.
Lahore Orange Line will partially be operational on 25th Dec 2017.
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& engineers inaugurated (re-opened) Ayub bridge Balakot today. - ...
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Honourable President of Mr. Mamnoon Hussain conferred Hilal-e-Pakistan on the outgoing Chinese ambassador H.E. Mr. Sun Weidong for his meritorious services on promoting Pak China friendship.... May Long Live Pak China Friendship...
