Email

Increase font size Decrease font size Reset font size

KP, Chinese firms signed project MoUs valuing $24bn: CM

By Our Correspondent 2017-05-17
NOWSHERA: Khyber Pakhtunkhwa Chief Minister Pervez Khattak claims that the provincial government has signed MoUs valuing at $24 billion of different development projects with the Chinese companies.

Talking to mediapersons here on Tuesday, he said Chinese delegations had started coming to the province for signing different MoUs.

He said these agreements included construction of a1,900MW power plant, industrial parks in Peshawar, Nowshera, Mardan, Charsadda and Swabi, and a separate CPEC road from Dir to Chitral.

The chief minister also expressed satisfaction over the progress made so far on implementing the MoUs that were inked during the Beijing Road Show, last month.

Mr Khattak termed the visit of a high-level delegation led by Prime Minister Nawaz Sharif to China very successful.

He said new avenues of prosperity and socioeconomic development would open in the country.

However, he said most of the projects were related to federal government, except an agreement to lay two-lane railway track from Peshawar to Rawalpindi.Apart from this, he said the KP government separately signed agreements with Chinese government and investors in health, education and infrastructure development sectors.

He said now the people of KP would not need to go abroad for seeking employment opportunities rather they would get respectable opportunities in their own province under the CPEC.

He said the concerned provincial departments had been directed to constitute investment monitoring teams to strengthen contacts with Chinese partners and facilitate them.

Meanwhile, the chief minister, while chairing a follow-up meeting on implementation of MoUs signed during Beijing Road Show under Khyber PakhtunkhwaChina Investment Plan (KPCIP) in Peshawar, directed the authorities to ensure that each and every commitment and deadline made with the Chinese companies was met.

He said all the departments had to foresee the problems in respect of strategies, litigations and arrangements to be resolved in time.

The chief minister expressed his pleasure over `considerable` progress made in realising the agreements.

He was also satisfied to l(now that the Chinese companies`heads and officials had started meetings with the provincial government authorities in respect of implementation process, deputing the staff for various projects and provision of required facilities on part of the KP government.