Prime Minister Nawaz Sharif on Wednesday inaugurated the Gwadar-Hoshab (M-8) road and reviewed the work being carried out on the China-Pakistan Economic Corridor (CPEC). "The land-locked Central Asian states are interested in trade via the Gwadar port," said the prime minister. He said on the occasion that CPEC would open new vistas of development and prosperity in the region in general and benefit the country in particular.
The inauguration ceremony of M8 was attended by Chief Minister Balochistan Nawab Sanaullah Zehri, Chief of Army Staff General Raheel Sharif, Commander Southern Command Lieutenant General Amir Riaz and other high ranking military and civilian officials.
The prime minister on the occasion also praised the services and sacrifices rendered by the Frontier Works Organisation (FWO) in the construction of CPEC.
"Despite security problems, work is in fullswing on construction of roads in Balochistan," added Nawaz.
The Prime Minister elaborated that after completion of CPEC and other related projects, Balochistan would not be dependent for financial aid on the federal government. "CPEC would ensure economic development of Balochistan", he said, adding that the people of the province would be major beneficiaries of the mega project.
"Projects cannot be completed through mere slogans, rather a strategy was imperative for completion of projects", he said.
The prime minister also reiterated his commitment on the occasion and said efforts were being made to develop Balochistan and bring it at par with other parts of the country.
Earlier in January, Prime Minister Nawaz Sharif had inaugurated the western route of the (CPEC) in Balochistan's Zhob and laid the foundation stones of two key projects: upgradation of the Zhob-Mughal Kot section of the Dera Ismail Khan-Qila Saifullah Highway (N-50) and the Qilla Saifullah-Waigam Rud Road section of the Multan-Dera Ghazi Khan-Qilla Saifullah Highway (N-70)
The CPEC is a 3,000-kilometer network of roads, railways and pipelines to transport oil and gas from Gwadar Port to Kashgar city, northwestern China's Xinjiang Uygur autonomous region. Proposed by Chinese Premier Li Keqiang during his visit to Pakistan in May 2013, the CPEC will act as a bridge for the new Maritime Silk Route that envisages linking three billion people in Asia, Africa and Europe.
An official agreement on the corridor was signed between the two countries in May this year during President Xi Jinping's historic visit to Pakistan.
A flagship project of the Belt and Road initiative as well, the CPEC intends to revive the ancient Silk Road with a focus on infrastructure, and constitutes the strategic framework of bilateral cooperation.
The project links China's strategy to develop its western region with Pakistan's focus on boosting its economy, including the infrastructure construction of Gwadar Port, together with some energy cooperation and investment programs.
It also involves road and railway construction including an upgrade of the 1,300-km Karakoram Highway, the highest paved international road in the world which connects China and Pakistan across the Karakoram mountains.
The CPEC will reduce China's routes of oil and gas imports from Africa and the Middle East by thousands of kilometers, making Gwadar a potentially vital link in China's supply chain.