Agreement on Pakistan-China route

A key agreement has been reached between the Pakistan Government and the Chinese Government with regard to the new route linking the two countries. The two governments have agreed on the need to speed up work to construct the Pak-China Economic Corridor (PCEC). This major road project looks likely to cost as much as USD45.6 billion. Both countries intend to complete the majority of the work needed within five years. The joint cooperation committee for PCEC will run more meetings to discuss the project and t
March 24, 2015 Read time: 1 min
RSSA key agreement has been reached between the Pakistan Government and the Chinese Government with regard to the new route linking the two countries. The two governments have agreed on the need to speed up work to construct the Pak-China Economic Corridor (PCEC). This major road project looks likely to cost as much as USD45.6 billion. Both countries intend to complete the majority of the work needed within five years. The joint cooperation committee for PCEC will run more meetings to discuss the project and the surrounding works required. Once the PCEC is complete it will be of enormous economic benefit to the region as a whole and will kickstart the development of new industrial estates and business hubs across Pakistan.
Road Structures

Related Content

  • China transport investment
    November 27, 2012
    In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending over the next few years, some US$157 billion, particularly in extending the country’s high speed rail network. Some $4.45 billion will be invested in transport infrastructure in 2012. Of the total, $790 million will go on rural road improvements, of which 88% will be used in the central and western regions
    Read More
  • Market bullish at bauma China 2016 exhibition
    February 1, 2017
    Key manufacturers reported a return to business confidence in China at the recent bauma China 2016 construction equipment exhibition The event was held at the Shanghai New International Expo Centre (SNIEC) and attracted 170,000 visitors from 149 countries, despite the cold weather and constant rain that plagued its first two days. The healthy attendance is a reflection of the gradually improving Chinese market. The Chinese economy suffered a slump in business levels in recent years, following a boom per
    Read More
  • Scotland’s new Queensferry Crossing over the Forth Estuary
    December 23, 2015
    The new Queensferry Crossing under construction in Scotland will be the third landmark bridge spanning the Forth Estuary - Mike Woof writes When the new Queensferry Crossing over the Forth Estuary opens at the end of 2016, it will be the third landmark bridge to be built spanning this short stretch of water. Lying alongside the existing road bridge and the historic rail bridge, this new structure will be as groundbreaking as the two earlier crossings were at the time of their construction.
    Read More
  • China highway projects awarded to major contractors
    June 29, 2017
    A series of large highway projects have been awarded to major construction firms in China, following agreements with the authorities in Shaanxi. New highways will be constructed by China Gezhouba Group Corp (CGGC) to link Tingchang with Huang Long and Ningshaan with Shiquan.
    Read More

Highlighted Content