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China gave $14 bln to Pakistan for CPEC projects, says diplomat

ISLAMABAD: Deputy Chief of Mission at Chinese Embassy in Islamabad Zhao Lijian has said that the country has given $14 billion to Pakistan for China Pakistan Economic Corridor (CPEC) projects, ARY News reported.

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Lijian said that out of 30 initial economic corridor projects, several will be completed by 2018 whereas hydel power projects will become operational by year 2020.

The Chinese diplomat said that 70% of the development work on the coal power power project in Sahiwal has been completed.  He added that power generation from the first unit of the project will commence from June 2017.

Lijian went on to say that the Sukkur to Multan section of Karachi to Islamabad  Motorway will create 10,000 jobs in the country.

He added that that Pakistan’s economy has improved due to the economic corridor.

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