Transportation

OLMT is set to be launched in March 2020
Orange Line Metro Train is set for an official launch Credit: Website/CPEC

According to CPEC latest news and updates, most of the development work has already started and is now nearing completion. The stalled project Orange Line Metro Train in Lahore was also recently launched under the umbrella of CPEC. Moreover, work on Karachi Circular Railway, ML-I is also fast reaching completion.

Other projects in the pipeline include:

  • Peshawar-Karachi Motorway (Multan-Sukkur Section)
  • KKH Phase II (Thakot -Havelian 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)

The routes which these transportation projects follow, will greatly contribute towards the local economic development. This is because transportation routes mean greater connectivity, greater access to other regions, and helps industries such as agriculture, and especially real estate to expand. As can be seen in most real estate developments across the country, as soon as a main road develops, the property prices of that region significantly go up.

In all of the aforementioned projects, the upgradation of D.I. Khan-Zhob Motorway which is part of the CPEC Western Route is a notable development. As Chairman CPEC Authority, Asim Bajwa highlighted it, this route will bring socio-economic prosperity to the neglected areas of the country. This is a long route, but special importance is being given to D.I Khan-Zhob Motorway as most of the work on this has already been done.

Predicting these significant developments to come in swiftly, the JK&S Developers have introduced D.I. Khan New City which is the first-ever planned residential development in Dera Ismail Khan. This project is located right on the CPEC Western Route and highlights that more such real estate developments will be launched soon.

In Old Lahore, the OLMT cuts right through the congested buildings and is providing the easiest form of transportation in one of the busiest neighbourhoods of Lahore.

ML-I on the other hand is a much larger railway project which will cover the region from Karachi to Peshawar, covering a distance of 1,872 kilometres, and apart from doubling the train track will also rehabilitate and reconstruct old bridges.

Moreover, the Gwadar Port, and the Eastbay Expressway, linking Gwadar to Makran Coastal Highway have been completed and are operational. For the longest time, people have wondered about Gwadar and how that will improve the country’s economy. These developments are significant, especially for real estate developers who, taking advantage of this development will now initiate rapid work on their projects. If you are looking for the safest avenue to park your money in Gwadar, keep an eye out for Canadian City Gwadar.

Overall, some 1,100 kilometer roads had been completed while 850 kilometres were under construction.