ISLAMABAD – CPEC phase-2 about to Start. Chairman CPEC Authority, General (Retd) Asim Saleem Bajwa has said that the second phase of CPEC is about to start. This phase will encompass multi-sector projects that would generate mass level employment opportunities in the country.
General (Rtd) Asim Saleem Bajwa tweeted about phase-2 of China Pakistan Economic Corridor.
Having taken briefs,met stake holders;CPEC with across the board acceptability,is already bringing relief in energy&infrastructure.Time to gear up for phase-2 which is envisioned to generate mass employment through more projects,mass industrialisation,agri&socio-eco uplift-1/2
— Asim Saleem Bajwa (@AsimSBajwa) February 4, 2020
The CPECA Chairman said that after assuming the charge, he had taken briefings from various stake holders and came to know that the CPEC possessed across the board acceptability.
He said the CPEC first phase had already brought relief in energy and infrastructure sector while the second phase would help expanding industrialisation and other sectors related to socio economic uplift. Now CPEC phase-2 about to Start.
Asim Bajwa said nine projects had been completed so far producing 5320 MW electricity. With investment of US $7.9 billion providing jobs to 5000 Pakistanis. While eight more projects under construction for production of 4470 MW electricity investing another $ 9.55 billion providing jobs to 15,227 Pakistanis.
Last month, US Deputy Secretary of State, Allice Wells showed concerns over CPEC financing. Wells criticised China over its loan model, implying that Pakistan will eventually fall into a debt trap. Chinese ambassador in Pakistan reacted strongly to the statement made by US Deputy Secretary of State.