minister said the civil work would be financed through assistance of consortium of donors’ including China.
Once the civil work gets completed then there will be a lot of interest of investors for installing power generation facility, he noted.
The minister made it clear that the CPEC projects would be financed through three different avenues including the country’s own resources in shape of Public Sector Development Program (PSDP), Chinese financing and getting financial assistance from the World Bank, Asian Development Bank and others.
Now the dual carriageway of western route, he said, would be completed under the CPEC initiatives as feasibility studies of some portion of
this route were already underway.
For development of Gilgit-Baltistan (GB) under CPEC initiative, the minister said Islamabad had made a request for developing echo economy of the area and now both sides will present identified projects into Joint Working Group (JWG) for finalizing financing of agreed projects.
In order to ensure effective implementation of the CPEC, the minister said both sides had decided to hold a video conferencing on monthly basis while video conferencing at JCC level will be held on a quarterly basis. The actual JCC is going to be held on bi-annually basis.
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