The $480 million project includes the construction of the four-lane Peshawar-Torkham Expressway (PTEX) from Peshawar to the Torkham border crossing with Afghanistan and the laying of a fiber optic cable alongside the road. Around 16 percent of the project budget...
The reimposition of sanctions on Iran and the threat of secondary sanctions will inhibit foreign investment in Chabahar. But for Afghanistan's economy, the promise of Chabahar is overblown anyway.
On May 22, 2013, during the visit of Chinese Premier Li Keqiang to Islamabad, China and Pakistan agree to develop an “economic corridor.” Li arrived in Islamabad after a trip to New Delhi, where he had discussed the Bangladesh-China-India-Myanmar economic corridor.
On May 12, 2001, during a state visit to Pakistan, Chinese Premier Zhu Rongji agrees to finance the first phase of the construction of the Gwadar port and the Makran Coastal Highway that connects Gwadar to Karachi, Pakistan’s largest city.