Understanding the dynamics of transport infrastructural development under the China-Pakistan Economic Corridor: an analysis
DOI:
https://doi.org/10.47264/idea.lassij/7.1.8Keywords:
CPEC, BRI, FDI, transport development, infrastructure development, economic development, regional corporation, regional connectivity, regional developmentAbstract
This paper broadly examines the transport infrastructure under China-Pakistan Economic Corridor (CPEC). A qualitative approach has been adopted to reach for authentic information based on primary and secondary data, like journal articles, newspapers, and reports. The data about transport development projects, their connectivity, budget, employment ratio and the construction companies are gathered for analysis. This paper aims to highlight Pakistan's economic growth due to road development and the benefits of road infrastructure for the growing economy of Pakistan from the perspective of regional countries. Further, its impact on employment, industry and tourism has been investigated optimistically. It also focused on the benefits of the inter-regional connectivity provided by CPEC, which have yet to materialize for Pakistan fully. The reasons are challenges and obstacles faced in implementing the various projects under CPEC, including delays in approvals and funding, security concerns and issues with local communities and land acquisition. Furthermore, there is a need for a comprehensive and coordinated framework in Pakistan to leverage the potential benefits of CPEC connectivity fully.
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