Prime Minister (PM) Imran Khan has pledged to speed up construction on projects funded by the China-Pakistan Economic Corridor (CPEC).
Addressing a ceremony in Islamabad to mark the inauguration of the Matiari-Lahore 600 KV transmission line completed under the CPEC, the spread of COVID-19, according to Prime Minister Imran Khan, has generated several problems, including interruption of supply chains, which has raised the prices of basic goods. However, when the situation improves, work on CPEC-related projects will continue, as inflation will reduce.
According to PM, the corridor project’s scope is currently being broadened beyond power production and road infrastructure projects to collaboration in industries and agriculture. As per Prime Minister Imran Khan, collaboration in these two critical areas would help Pakistan decrease its debt burden through economic generation.
Nong Rong, China’s envoy to Pakistan, previously stated that the Matiari-Lahore transmission line will improve grid system safety and reliability, optimise energy distribution throughout the country, and decrease power costs.
According to the Chinese envoy, the CPEC has so far attracted $25.4 billion in investment and produced 75,000 employment possibilities. He stated that the initiative has made a substantial contribution to Pakistan’s socio-economic growth.
The PM stated that the Matiari-Lahore transmission line, which is 886 kilometers long and state-of-the-art, will assist decrease power losses.
CPEC was started by then Pakistani President Asif Ali Zardari and Chinese Premier Li Keqiang in 2013. This project is being marked as the real game-changer for the economy of Pakistan.