The Study of Factors having Effect on Engineering Construction Management: A Case Study of CPEC Pakistan

Abstract

The China-Pakistan Economic Corridor (CPEC) will not only enhance the strategic cooperation between Beijing and Islamabad, but also open up new avenues of economic development for the people of Baluchistan. This financial entry idea was initially offered by China and Pakistan under Musharraf's administration. Then, Chinese Premier. While there, he discussed the significance of the CPEC project and after that on April 20, 2015, China President Xi Jinping toured to Pakistan and officially launched this CPEC project. In the entire time that Pakistan has existed, the Chinese president has only visited Pakistan twice, the first time being Mr. Hu Jintao in 2006 and the second time being Xi in 2015. In 2014, Xi's toured to Pakistan was cut short because of the country's tenuous political and economic situation. Xi agreed to 51 different courses of action with Pakistan, including plans for the Gwadar port, transportation, and energy. Two of these paths are with South Asian nations. "China-Pakistan Economic Path" has its starting point in the Chinese city of Kashgar and connection points in the Pakistani port of Gwadar. Additionally, the passage is anticipated to link CPEC's northern regions with the South Asian maritime Silk Road. The "Bangladesh-China-India-Myanmar Economic Corridor" is also a lobby in the South Asian nation. According to statistics from the Ministry of Planning, Development and Reform, Baluchistan is estimated to receive $7.1 billion initial investments through the CPEC, ranking second in its share from the total of $46 billion. The CPEC will connect Pakistan to Central Asia via the Eurasian Land Bridge planned under China’s “Belt and Road” initiative.