China Halts 3 CPEC Projects Until Further Notice

According to a government official, China has halted three China-Pakistan Economic Corridor (CPEC) road projects till further notice from Beijing. This decision could impact NHA’s several other projects with a combined value of around Rs. 1 trillion.

The halted projects include the 210km Dera Ismail Khan – Zhob Road, 110km Khuzdar – Basima Road, and the 136km remaining portion of Karakoram Highway from Raikot to Thakot.

The projects have an estimated cost of Rs. 81 billion, Rs. 19.76 billion, and Rs. 8.5 billion, respectively.

At first, these three projects were under Pakistan government’s own establishment plan, but NHA announced to handover the projects to China, under the umbrella of CPEC, in December 2016.

The finalization of funds, which were approved last year in the 6th Pakistan-China Joint Cooperation Committee (JCC) meeting, was expected during the Joint Working Group (JWG) meeting held on November 20, but no decision was taken after the Chinese officials said they are waiting for ‘new guidelines’ from Beijing.

In the last JWG meeting, the Chinese officials informed the Pakistani representatives that previous funding procedure has been scrapped by China and a new procedure will be released soon.

An official who attended the meeting told,

In fact, the Chinese authorities informed us that the previous procedure of release of funds was meant for early harvest projects only and new guidelines will be issued for future projects of the CPEC.

The official revealed that Pakistani representatives were ‘stunned’ by their new decision at first.

Moreover, he told that this new decision could be because of ongoing reports of ‘corruption in CPEC projects’ published by Pakistani media.

Via DAWN

Contributor


  • Hum Ne RMB Used Karne Nahi Diya Na Ab Is Tarha Ki Rokawate Ayengei

    • Aik to wo apka kaam kar rahy hain ooper say aap unko taany dy rahy hain.

      • Nahi Bhai Hum China Ko Tane De : Bhai Hamae Jeena Hai
        Main Ne to Khud Soch K RAKHA Hai Pakistani Na Milay to Chines Se Kar Loga Shaadi :)

      • Salman

        Wo apka nahi aona kaam kar rahay hai har chez k paisy hain… jo investment china kar raha hai wo loan hai interest par….

  • Muhammad Waseem

    China is also a corrupt country and they should be used to it.

  • Ali Malik

    At first, these three projects were under Pakistan government’s own establishment plan, but NHA announced to handover the projects to China, under the umbrella of CPEC, in December 2016.

  • Alpha Bravo

    Kisi bahanay ye corruption bhi samnay aaye gi. Aur zimmadaron ko saza honi chahiye.

  • Aamir

    شکریہ راحیل شریف