CPEC is not a bilateral but a regional project: Ahsan Iqbal

Oxford: At the Oxford University, Minister Ahsan Iqbal delivered talk at Blavatnik School of Government on “China Pakistan Economic Corridor–A Game Changer for the Region”. His second talk was at China Study Centre on the topic of “China Pakistan Relations–Looking to the Future”. The Minister explained in detail the concept and salient features of the CPEC project. He said that CPEC has four components which include : a) Development and Up-gradation of Gwadar Port; b) Energy; c) Transport infrastructure including road and rail network; and d) Setting up of industrial zones along the corridor.

The Minister informed that out of US$46 billions CPEC portfolio, US$35 billions would be spent on power generation which would meet domestic and industrial needs of the country and boost economic growth. He said 11000 MW electricity would be added to the National Grid by 2018.

Dwelling upon the concept of CPEC, the Minister said that it is the fusion of Chinese One Belt One Road and Pakistan’s Vision 2025. He stated that CPEC is not a bilateral project but it is a regional project. The Minister informed the audience that CPEC would turn Pakistan geo-strategic location to its geo-economic advantage. He also responded to the searching questions of the students and academia.