Matches in DBpedia 2016-04 for { <http://wikidata.dbpedia.org/resource/Q16957751> ?p ?o }
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- Q16957751 abstract "The China Pakistan Economic Corridor (CPEC) is a collection of projects currently under construction at a cost of $46 billion which are intended to upgrade and expand Pakistani infrastructure. The Exim Bank of China will lend the Government of Pakistan approximately $11 billion to overhaul the country's transportation infrastructure at heavily-subsidized concessionary loans with an interest rate of 1.6%. These projects will span the breadth and width of Pakistan, and will eventually link the Pakistani city of Gwadar Port in southwestern to China’s northwestern autonomous region of Xinjiang via a vast network of highways and railways. As part of the project, an 1,100 kilometer long motorway will be constructed between the cities of Karachi and Lahore, which will connect to the already completed M2 Motorway which runs between Lahore and Islamabad. The Karakoram Highway between Rawalpindi and the Chinese border will also be completely overhauled and widened. The Karachi–Peshawar main railway line will also be completely overhauled to allow for train travel at up to 160 kilometers per hour, with expected completion by December 2019. Pakistan's railway network will also eventually be further developed in order to connect it to the Chinese railway network in Kashgar.A network of pipelines to transport liquefied natural gas and oil will also be laid as part of the project, including a $2.5 billion pipeline between Gwadar and Nawabshah to transport gas from Iran, as well as $2 billion pipeline linking the cities of Karachi to Lahore which is to be built with Russian collaboration. An additional estimated $30 billion dollars worth of energy infrastructure will also be constructed by private firms in order to help alleviate Pakistan’s chronic energy shortages, with over 10,400MW of energy generating capacity to be developed by March 2018 as part of the corridor's fast-tracked “Early Harvest” projects.The economic corridor is considered central to China–Pakistan relations; its central importance is reflected by China’s inclusion of the project as part of its 13th five year development plan. The Corridor is an extension of China’s proposed 21st century Silk Road initiative, and encompasses not on economic development, but also intelligence sharing between the countries. In reference to this project, the Asian Development Bank stated "CPEC will connect economic agents along a defined geography. It will provide connection between economic nodes or hubs, centered on urban landscapes, in which large amount of economic resources and actors are concentrated. They link the supply and demand sides of markets."".
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