CPEC Chairman Lt Gen (r) Asim Saleem Bajwa pointed out opportunities for improved connectivity under CPEC between Gwadar and the rest of the country. He said Gwadar is going to be linked to the rest of the country via a railway line, after completing Main Line-1 (ML-1), to take advantage of the benefits of CPEC. This improved connectivity also shifts the country’s socio-economic destiny.
ML-1 CPEC & Railway Line—Detailed Overview
Asim Saleem Bajwa, Chairperson of CPEC Authority Lt Gen (retired), has expressed interest in the establishment by several companies in the Gwadar Free Zone, from the Gulf region.
“The free area of the town covering 2400 hectares has been extensively developed, not only for Chinese and local investments but also for the Gulf Zone,” he said in an interview with a YouTube channel.
He said the city and the port have advanced greatly and recently “we have started constructing Gwadar airport with the assistance of the government of China, which granted $230 million for the project,” he added. As far as the proposed Gwadar Oil City is concerned, he declared that an area allocated for oil refining and petroleum storage is about 30 km away from the town near Pasni.
The chairman suggested that the port of Gwadar will be liable through trains to the rest of the country after the completion of the Main Line 1 (ML-1) railway upgrade programme. “To connect the port city to the rest of Pakistan and beyond, a new railway will be initiated from Quetta to Gwadar,” says Bajwa.
Location details
Karachi to Peshawar via Hyderabad, Nawabshah, Rohri, Rahimyar Khan, Bahawalpur, Khanewal, Sahiwal, Lahore, Gujranwala, Rawalpindi, Peshawar.
Scope of the project:
- The entire road from Karachi to Peshawar has been doubled
- Pace to increase from 65/110 km / h to 160 km / h
- Freight train for 120 km / h service
- Signal and control system based on computers
- Division of grade to ensure train safety
Budgeting & Completion Of The Project
Bajwa, also Prime Minister’s Special Assistant to Information and Broadcasting, found out that CPEC ‘s largest project ever was ML-1.
Govt centered entirely on Baluchistan’s growth and advance towards the western CPEC route.
He identifies the $6.8 billion project as historic for logistics infrastructure in Pakistan as every company was to become profitable as it was dealing with the freight traffic by railways.
“Every preliminary phase is accomplished and its calculation evaluation carried out, and estimates are analyzed.”
Furthermore, he said that the ML-1 project would bring a revolution from Karachi to Peshawar in passenger transport, as travel time from Lahore to Karachi is reduced to just eight hours.
The ML-1 project, which spans a span of seven to nine years, was a big initiative, Bajwa said.
He added, however, that many of the CPEC projects were finished sooner so that this project could also be achieved before the timeframe has been set.
Establishment Of CPEC Authority
When asking if a CPEC authority could be created, the President said that the government noticed that the reach of the CPEC project did not extend, and he wanted to set up the authority, in order to ensure that all the operations were completed at once.
Because too many ministries, agencies, provinces, and divisions invested in the mega project, a platform to provide international investors with a window was direly required. The Chairman said to another question: “Basically, CPEC focuses more on the execution of programs, but also on project preparation, tracking and assessment.”
Bajwa posed another question: “We are at the height of our interaction with the Government of China and pursue a project for the CPEC of the second step.”
He told the government that the growth of Baluchistan was the target of attention and progress was going quickly in the western direction of the CPEC project.
Islamabad To D.I. Khan Motorway
He told Islamabad to D.I. about the motorway. At the meeting of the Joint Coordination Committee of the CPEC next month, Khan was close to completing the project from DI Khan to Zhob for approval.
Likewise, he says that the road project was already launched from Zhob to Quetta, the capital was allocated and the land was purchased.
He claimed that, in Azad Kashmir, the Government recently completed two hydroelectric energy projects, Azad Pattan (701 MW) and Kohala hydroelectric power project (1120 MW).
Scope Of Real Estate Business In Gwadar
With the ML-1 CPEC project, the investment opportunities in Gwadar will rise up. One of the most profitable and ongoing projects in Gwadar Golf City. The construction and development of ML-1 will boost the property business in Pakistan generally.
Gwadar Golf City is the most developed project in developing Port City and the fast-paced growth is the most appealing aspect. Gwadar Golf City has achieved the development status within a short period of 8 months, which speaks to BSM Developers’ loud praising experience. The real beauty of construction can be experienced by making a visit to the site where the astonishingly vast road network is spread.
Although the newly launched 5 Marla Plots in Pak China Enclave are under construction but still available with plot numbers and it can be chosen from the map by interested buyers.
Investing In Best Deals Of Gwadar Golf City: A Project By BSM Developers
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This BSM Developers Gwadar Golf City project offers high-tech amenities combined with an orderly designed infrastructure and exceptional modern lifestyle. In a state-of-the-art housing scheme, Gwadar Golf City is essentially a Golf Home, the flag bearer of individual comfort, style, and extravagance. The project offers immense investment opportunities for commercial and 10 marla residential plots.
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Globe Estate & Builders is Gwadar leading property dealer. In total, over 3,000 properties are in progress across 10 million square feet of land so supply is adequate but rates have the potential to rise dramatically as the good news surrounding Gwadar continues to build.
Indeed, the short response to the original question is to be YES. Existing projects are coming to a close while new ones are being built and this may well be the prime time for investment in Gwadar. Therefore, that is the right time to invest in Gwadar. For more information regarding plot prices, contact us today at +923000900188.
