KP CM likely to sign accords with Chinese firms for energy, transport infrastructure

BEIJING: Chief Minister, Khyber-Pakhtunkhwa (KP), Pervez Khattak on Sunday said he was looking forward to signing agreements with Chinese companies for development of energy
and transport infrastructure projects in the province.

“The Chinese companies would be offered to invest in these projects including 1200 MW hydel power generation project, running of a fast train to link Peshawar with Charsadda, Mardan, Swabi and Nowshera and construction of a road to connect Chakdara with Gilgit via Chitral,” he told newsmen on his arrival here.

Appreciating Chinese President Xi Jinping for his vision of regional connectivity under the One Belt One Road Initiative, he hoped Pakistan, particularly his province, would be a major beneficiary of the initiative.
He thanked the Chinese leadership for attaching high importance to China-Pakistan Economic Corridor (CPEC), a flagship project of the One Belt One Road Initiative. Pervez Khattak informed that an industrial park would be established in Swabi under the CPEC framework, ensuring new opportunities for people of the area as well as the entire province.

The KP Chief Minister along with a high-powered delegation is currently on a visit to China to participate in a two-day Road Show to be held here to muster Chinese investment in the province.

Big investment opportunities would be offered to the Chinese public and private sector entrepreneurs in different sectors including energy, railway track, roads, industrial park, cement factories, tourism and agriculture which would be part the CPEC.
Khyber Pakhtunkhwa (KP)’s ministers Muhammad Atif Khan, Shahram Tarakai, Chairman, Khyber Pakhtunkhwa Investment Board, Faisal Saleem Rehman, Senator Shibli Faraz and other senior officials were accompanying the Chief Minister.

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