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Friday, December 15th, 2017

Chinese companies to invest $20b in KP


In Khyber Pakhtunkhwa, Chinese companies will invest twenty billion dollars in different sectors.

An agreement for this purpose has been signed in Peshawar.

A number of projects will be completed in the province. It include construction of oil refinery, Chashma Lift Irrigation Scheme, hydro power projects and two airports one each at Swabi and Dera Ismail Khan.

Similarly, Chitral-Dera Ismail motorway and railway line, laying of optical fiber and power transmission line, housing projects in backwards districts, Peshawar circular railway and construction of another tunnel on Indus Highway in Kohat will be completed under the agreement.

Chief Minister Pervez Khattak who was also present on occasion, said Khyber Pakhtunkhwa will greatly benefit from China Pakistan Economic Corridor. He lauded Chinese investment in the province.

Meanwhile, Presiding over a meeting in Peshawar, Chief Minister Khyber Pakhtunkhwa Pervez Khattak directed the concerned quarters to float tenders for the project by 30th of next month.

He said that Rapid Bus Transit Project will be completed at a cost of forty billion rupees within eight months.

The Chief Minister said that the Rapid Bus Transit Project will connect eight routes to solve traffic problems of provincial metropolis on permanent basis.

Source: Radio Pakistan