Plagued with delays, CPEC reaches nowhere in 10 years
The China-Pakistan Economic Corridor (CPEC) was launched close to 10 years ago, but it is struggling to meet its envisaged expectations. The CPEC is a crucial part of the Belt and Road Initiative (BRI), but many of its components have been marred by slow implementation, making them infeasible and unviable. Several thermal power, hydroelectric, transport infrastructure, and special economic zone projects have not become operational yet.
The CPEC fiasco was acknowledged by Pakistani Planning Minister Ahsan Iqbal recently.
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