ISLAMABAD – Pakistan is ready to launch second phase of the China Pakistan Economic Corridor (CPEC-II) which will focus on revamping raily network.
Chairman CPEC Authority Lt. Gen (retd) Asim Saleem Bajwa said: ““We are all set to launch CPEC Phase-II in a deliberate, prepared and in an institutionalized manner with full consciousness of transparency.”
“Manpower would be totally revamped, underpasses and overhead bridges would be built at all railway crossings, and speed of trains would significantly enhance.”.
He was addressing a signing ceremony of Business Cooperation Agreements in various fields between leading Chinese entrepreneurs and Heavy Mechanical Complex (HMC) in Taxila.
The Chairman CPEC Authority said that around 1870km railway track will be revamped in the CPEC phase-II, dry ports will be established and underpasses will be constructed at every railway crossing.
He said special economic zones will be established under the CPEC in every province as it will bring economic prosperity in the country.
“I feel delighted to learn about the continued self sustainability of HMC under the ambit of Strategic Plans Division (SPD) & Pakistan Atomic Energy Commission (PAEC), who has chalked out its medium & long term business plans envisaging futuristic growth of this vital entity to serve more proactively not only general industrial economy but also the defence sector of Pakistan,” he further said.
Ambassador of Pakistan to China Naghmana Hashmi said through a video link that the Pak-China cooperation would further enhance the HMC capacities to play a role in the country’s development.