GWADAR – The first Chinese trade convoy of 75 containers carrying export goods has arrived at Gwadar Port on Friday through the western route of China Pakistan Economic Corridor (CPEC). At the same time, a pilot activity ship has also docked at Gwadar Port to carry Chinese and Pakistani goods to Africa and Middle East.
The China-Pakistan Economic Corridor (CPEC) is a $46 billion network of roads, railways and energy pipelines linking western China to a deep-water port on Pakistan s Arabian Sea coast, which passes through Pakistan s troubled Balochistan province.
This project will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, India, Central Asian Republic, and the region.
About $4.5 billion of the planned investment in the corridor will go towards road infrastructure, with two-thirds of the total $46 billion investment funnelled towards energy projects.