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China's $62 Billion Plan To Build Pakistan
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China, one of the world’s biggest economies is pouring billions of dollars into its neighboring country, Pakistan. This is to help build the country’s infrastructure and as of 2020, these infrastructures are estimated to be worth over 62 billion dollars consisting of hundreds of projects ranging from its railway sectors, airport developments, even and its energy sectors.
Courtesy of BRI.
Narrated by Tom Mckay
Video Produced by behave studios
Some footages are for presentation only and may or may not represent the actual project.
Brought to you by the Behind Asian Team.
Music(s):
No.4 Piano Journey
The Documentary by Proxy
Timestamp(s):
0:00 China's Investments in Pakistan
0:22 China-Pakistan Economic Corridor
0:40 Infrastructure Overview
1:17 Energy Sector
1:51 Gwadar City
2:07 Agriculture & Aquaculture
2:26 Benefits
2:49 The Other Benefits
3:09 The Trade Sector
3:37 The Controversies
4:07 The Disadvantages
4:24 Timeline & End
Summary Script
Yes, this is the China-Pakistan Economic Corridor, a mega plan that would revolutionize the country of Pakistan into an economic miracle. It will create an estimated 2.3 million jobs over the course of 15 years and boost the country’s annual economic growth rate by as much as 2.5%.
From a very high level, this project aims to develop and construct Pakistan’s infrastructure. These consist of several projects in various industries. Starting with its railway sector, it will construct 5 major lines. Each of these projects will be worth billions of dollars and be thousands of kilometers long. The Karachi-Peshawar Railway Line alone is estimated to cost a whopping 8.2 billion dollars and would become one of the country’s leading sources of commuter and freight traffic in the years to come. These rail investments will also see the construction of Pakistan’s first-ever driverless metro system which is expected to serve one of the country’s largest cities, Lahore.
The biggest endeavor, however, isn’t its railways but is in its energy sector. An estimated 33 billion dollars will be poured over to construct projects that would power up the country. Thankfully, it was done in today’s time and not yesterday’s. As we will see various construction of renewable energy projects, and even reported that along with other projects these renewable energy’s will power 25% of the country’s electricity by 2030. But as sad as it is, it is not entirely renewable. It will still consist of coal and natural gas projects.
Without having to dive deeper into every project, this master plan will see developments in the Gwadar city; it will improve upon its port, see the construction of a new international airport, and its other major industries such as roadways, healthcare, and even its education sector.
The other major areas where it will see vast changes are its agriculture and aquaculture to improve upon its animal breeding and expand on the variety of plants, science, and technology which will ultimately bring forth a new digital age to the country and these projects will pour out massive economic effect to the rest of the country.
The benefits of constructing all these projects, however, are more than what you might have imagined. Pakistan has always been a country that is frequently being skipped on as an international investment place. But the introduction of the China-Pakistan economic corridor will change that. This will be the start of something bigger, a more bold initiative that acts like a sign that tells the world “The country is now open for business opportunities”.
Its direct effects on the people however are that it will improve the social and economic problems that underdeveloped regions are facing. This is especially true for its energy developments, these power stations will finally light up the country and will benefit society by improving the likes of water and food quality, making traveling easier, and even setting the stone for innovative people.
The construction of these infrastructures will also fasten the trade sector of the country, from China specifically will have the most impact by improving the shipment of goods from 45 days to only 10 days which will insanely move everything faster. Its neighboring countries will also reap the benefit from faster shipments of goods as well. This is one of the most beneficial to the country as trade with China has grown at an average annual double-digit rate during the past decade.
Courtesy of BRI.
Narrated by Tom Mckay
Video Produced by behave studios
Some footages are for presentation only and may or may not represent the actual project.
Brought to you by the Behind Asian Team.
Music(s):
No.4 Piano Journey
The Documentary by Proxy
Timestamp(s):
0:00 China's Investments in Pakistan
0:22 China-Pakistan Economic Corridor
0:40 Infrastructure Overview
1:17 Energy Sector
1:51 Gwadar City
2:07 Agriculture & Aquaculture
2:26 Benefits
2:49 The Other Benefits
3:09 The Trade Sector
3:37 The Controversies
4:07 The Disadvantages
4:24 Timeline & End
Summary Script
Yes, this is the China-Pakistan Economic Corridor, a mega plan that would revolutionize the country of Pakistan into an economic miracle. It will create an estimated 2.3 million jobs over the course of 15 years and boost the country’s annual economic growth rate by as much as 2.5%.
From a very high level, this project aims to develop and construct Pakistan’s infrastructure. These consist of several projects in various industries. Starting with its railway sector, it will construct 5 major lines. Each of these projects will be worth billions of dollars and be thousands of kilometers long. The Karachi-Peshawar Railway Line alone is estimated to cost a whopping 8.2 billion dollars and would become one of the country’s leading sources of commuter and freight traffic in the years to come. These rail investments will also see the construction of Pakistan’s first-ever driverless metro system which is expected to serve one of the country’s largest cities, Lahore.
The biggest endeavor, however, isn’t its railways but is in its energy sector. An estimated 33 billion dollars will be poured over to construct projects that would power up the country. Thankfully, it was done in today’s time and not yesterday’s. As we will see various construction of renewable energy projects, and even reported that along with other projects these renewable energy’s will power 25% of the country’s electricity by 2030. But as sad as it is, it is not entirely renewable. It will still consist of coal and natural gas projects.
Without having to dive deeper into every project, this master plan will see developments in the Gwadar city; it will improve upon its port, see the construction of a new international airport, and its other major industries such as roadways, healthcare, and even its education sector.
The other major areas where it will see vast changes are its agriculture and aquaculture to improve upon its animal breeding and expand on the variety of plants, science, and technology which will ultimately bring forth a new digital age to the country and these projects will pour out massive economic effect to the rest of the country.
The benefits of constructing all these projects, however, are more than what you might have imagined. Pakistan has always been a country that is frequently being skipped on as an international investment place. But the introduction of the China-Pakistan economic corridor will change that. This will be the start of something bigger, a more bold initiative that acts like a sign that tells the world “The country is now open for business opportunities”.
Its direct effects on the people however are that it will improve the social and economic problems that underdeveloped regions are facing. This is especially true for its energy developments, these power stations will finally light up the country and will benefit society by improving the likes of water and food quality, making traveling easier, and even setting the stone for innovative people.
The construction of these infrastructures will also fasten the trade sector of the country, from China specifically will have the most impact by improving the shipment of goods from 45 days to only 10 days which will insanely move everything faster. Its neighboring countries will also reap the benefit from faster shipments of goods as well. This is one of the most beneficial to the country as trade with China has grown at an average annual double-digit rate during the past decade.
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