CPEC is a flagship project of the Belt & Road Initiative (BRI), where Pakistan and China have successfully launched 56 projects on the ground. Twenty-six projects worth approximately US$17 billion have been completed, and 30 projects worth US$ 8.5 billion are under construction.
36 projects having an estimated cost of US$ 28.4 billion are also under different stages of negotiations for inclusion in the framework.
CPEC is being expanded in the following areas:
- Trade & Market Access
- Industrial Development & Global Value Chains
- Socio-Economic Development & Poverty Alleviation
- Agriculture Modernization & Marketing
- Sciences & Technology Cooperation
- Blue Economy
- Regional Connectivity & Third Country Participation
The Government of Pakistan considers CPEC as a long-term development project as it has the potential to serve as a corridor with multiple doors connecting China with Central Asia, the Middle East, Africa, and Europe. Therefore, the government is expanding the scope of CPEC so that it becomes a “Gateway of Prosperity” for both countries and the region at large.
These include the Sukkur-Hyderabad Motorway, Peshawar-D.I.Khan Motorway (M-14), KKH Alternative Route (Gilgit-Shandor-Chitral) and Dir Expressway.