PESHAWAR: Khyber Pakhtunkhwa government has decided in principle to construct China-Pakistan Economic Corridor – CPEC City on Islamabad-Peshawar-Motorway near Swabi.
The CPEC city project will be completed at a cost of $4.4 billion. The city will be constructed over 80,000 kanal area of land.
The CPEC City will consist of education and commercial zones, public buildings, apartments, Golf Course, Theme Park and sports facilities.
The CPEC city would have 62,000 plots and will comprise of education zone, five to seven star hotels, commercial zone, public buildings, apartments, golf course, theme park, petrol, CNG stations and sports facilities, he told journalists.
This project will be designed to the highest level of modern smart cities concept with sustainability, he said, adding that the project will generate economic activities in more than 40 industries relating to construction sector besides it will create employment opportunities to more than 80,000 people at local and regional level, he said.
KP government and Frontier Works Organisation have also entered into an agreement for establishment of a modern state of the art oil Refinery in the province. This refinery will be yet another upturn for the economy of Pakistan, especially KP.