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OBOR
- 1. OBOR One Belt OneRoad Presented by: Muhammad Sohaib Manzoor
- 2. Introduction ■ OBOR standsfor “One Belt One Road”. ■ It is a combination of the Silk road economic belt (SREB) and the 21st century maritime silk route. ■ This initiative was introduced by Xi Jinping in the year 2013. ■ Approximately 70 countries has joined together for this initiative excluding India. ■ It involves developing a lot of infrastructure mostly around transport and energy such as roads, bridges, gas stations and power plants. ■ Approximate budget for this project is 8 trillion $.
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- 5. Facts: ■ Approximately 70countries. ■ 60% of worlds population. ■ 40% of worlds wealth. ■ Connectivity and cooperation between Asian, African, European countries with China.
- 6. Objectives: These are theobjectives of china behind OBOR initiative Boost its GDP. Develop international clout. Capacity will be channelized. Yuan’s usage. Regional disparities.
- 7. Six economic corridorsand one maritime route have been proposed under the OBOR. 1. New Eurasian Land Bridge. (connect Western China to Western Russia) 2. China-Mongolia-Russia Corridor (North China to Eastern Russia via Mongolia) 3. China-Central Asia-West Asia Corridor (Western China to Turkey via Central and West Asia. 4. China-Indochina Penisula Corridor (Southern China to Singapore via Indochina.
- 8. 5. China-Pakistan Corridor(South Western China to and through Pakistan. 6. Bangladesh-China-India-Myanmar Corridor (Southern China to India via Bangladesh and Myanmar. 7. Maritime Silk Road connecting Coastal China to the Mediterranean via Singapore-Malaysia, the Indian Ocean, the Arabian Sea.
- 9. Benefits of othercountries involved ■ It could bridge the infrastructural deficit in developing countries like Afghanistan and Pakistan. ■ Increased Investment. ■ Increased Trade. ■ The countries involved can see a boost in their GDP.
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- 11. Introduction to CPEC ■Karakoram highway was started in 1959 and was completed in 1979. (open to the public since 1986) ■ It connects China’s XinJiang region with Pakistan’s Gilgit- Baltistan Khyber Pakhtunkhwa region’s. ■ China Pakistan Economic Corridor is a collection of projects. ■ Link the Pakistani region of Gwadar Port to China’s northwestern autonomous region of XinJiang.
- 13. History of Pakistan-ChinaRelations ■ Pakistan-China relations began in 1950 ■ Strategic Alliance was formed in 1972 and economic co-operation began in 1979 ■ China has invested 20 billion $ in various projects in Pakistan
- 14. Project Proposal ■ Proposedin May 2013 by Chinese President Xi Jinping ■ CPEC act as a bridge in Maritime Silk Route ■ The project was launched on April 20, 2015
- 15. MOU The project waslaunched on April 20, 2015 when Chinese President Xi Jinping and Pakistani Prime Minister Nawaz Sharif signed 51 agreements and Memorandums of Understanding valued at $46 billion.
- 16. MOU ■ MoU onprovision of Chinese governmental concessional loan for second phase up-gradation of the Karakorum Highway (Havelian to Thakot). ■ MOU on provision of Chinese governmental concessional loan for Karachi-Lahore Motorway (Multan to Sukkur). ■ MoU on provision of Chinese governmental concessional loan for Gwadar port East Bay Expressway Project. ■ MoU on provision of Chinese governmental concessional loan for Gwadar international airport. ■ Framework agreement on cooperation on major communications infrastructure project. ■ Agreement on financing for Lahore Orange line Metro Train project. ■ MoU with respect to cooperation between Wapda and CTG..
- 17. CPEC-Energy Priority Projects ■2×660MW Coal-fired Power Plants at Port Qasim Karachi ■ Suki Kinari Hydropower Station, Naran,Khyber Pukhtunkhwa ■ Sahiwal 2x660MW Coal-fired Power Plant, Punjab ■ Quaid-e-Azam 1000MW Solar Park (Bahawalpur) Quaid-e- Azam ■ Matiari to Lahore ±660kV HVDC Transmission Line Project ■ Matiari (Port Qasim) —Faisalabad Transmission Line Project ■ Sachal Wind Farm (Jhimpir, Thatta)
- 18. CPEC Infrastructure Projects ■Peshawar-Karachi Motorway (Multan-Sukkur Section) ■ Khuzdar-Basima Road N-30 (110 km) ■ Upgradation of D.I.Khan (Yarik) - Zhob, N-50 Phase-I (210 km) ■ KKH Thakot-Raikot N35 remaining portion (136 Km) ■ Havelian Dry port (450 M. Twenty-Foot Equivalent Units) ■ Capacity Development of Pakistan Railways ■ KKH Phase II (Thakot -Havelian Section)
- 19. Benefits to China ■Chinese Industries are facing problems to compete in global market due to high transportation cost and delivery time ■ It would decrease the travel distance cost greatly from China to Gulf ■ Even if China uses CPEC for 50% of its oil supplies then it will save $6 Million every day, almost $2 billion every year ■ Independent path from India and USA’s interference ■ New business markets in other countries
- 20. Benefits to Pakistan ■Strategic and economic trade routes ■ Development of Infrastructure ■ Connecting all provinces ■ Development of Fata, KPK and Balochistan ■ Job Opportunities ■ CPEC from all counts will prove a game changer ■ Investments by China will boost Pakistan’s $274 billion GDP by over 15%
- 21. Disadvantages ■ FTA leadsto threat for local markets and local manufacturer’s ■ Disturb local industries ■ Difficult to compete Chinese product in market ■ Dependent to China
- 22. Conclusion ■ Natural Gatewayfor China ■ Positive response by both countries through mutual co-operation ■ Both countries are keen to enhance trade activities ■ Infrastructural improvements and Development of Dams ■ Stability of economy by investment in different sectors