{"id":101377,"date":"2025-02-13T11:57:04","date_gmt":"2025-02-13T06:57:04","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101377"},"modified":"2025-02-13T11:57:08","modified_gmt":"2025-02-13T06:57:08","slug":"carec-observes-further-development","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/carec-observes-further-development.html","title":{"rendered":"Chinese-Led JV to lead CAREC Corridor Development in PAK"},"content":{"rendered":"\n<p>Islamabad: A Chinese-led joint venture, spearheaded by M\/s Ningxia Communications Construction (NXCC) alongside local partners M\/s Rustam Associates and M\/s Dynamic Constructors, has secured all four packages of Tranche-III of the Central Asian Regional Economic Cooperation (CAREC) Corridor Project. The update was sourced from a February 13 article.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/paec-build-c-5-nuclear-power-plan.html\" target=\"_blank\" rel=\"noreferrer noopener\">PAEC\u2019s 1,200 MW Nuclear Plant to be financed from China<\/a><\/p>\n\n\n\n<p>According to the details, the contracts were awarded through a transparent bidding process, resulting in a total cost saving of PKR13.24 billion. The National Highways Authority (NHA), aligning with Prime Minister Shehbaz Sharif\u2019s vision for transparency, ensured a competitive selection process.<\/p>\n\n\n\n<p>The NXCC-led consortium won each package with significant cost advantages over the second-lowest bidders, with savings ranging from PKR 1.4 billion to PKR 7.1 billion across the four lots.<\/p>\n\n\n\n<p>The CAREC Corridor Project, funded by the Asian Development Bank (ADB), focuses on expanding the N-55 highway between Rajanpur, Dera Ghazi Khan, and Dera Ismail Khan, transforming it into a four-lane carriageway to enhance regional connectivity and trade.<\/p>\n\n\n\n<p>Meanwhile, work on Tranche-I and Tranche-II is progressing. The 66.37 km Petaro-Sehawan section is 98% complete, while the Ratodero-Shikarpur segment has reached 43%. Tranche-II, covering the Shikarpur-Rajanpur stretch, is advancing with progress between 14% and 23%.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pak-china-strengthen-ties-mous-signed.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak-China MoUs focus on fodder, fruits, vegetables processing<\/a><\/p>\n\n\n\n<p>The successful completion of Tranche-III is expected to significantly improve Pakistan\u2019s road infrastructure, fostering economic growth and regional trade integration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: A Chinese-led joint venture, spearheaded by M\/s Ningxia Communications Construction (NXCC) alongside local partners M\/s Rustam Associates and M\/s Dynamic Constructors, has secured all four packages of Tranche-III of the Central Asian Regional Economic Cooperation (CAREC) Corridor Project. The update was sourced from a February 13 article. Read: PAEC\u2019s 1,200 MW Nuclear Plant to be financed from China According to the details, the contracts were awarded through a transparent bidding process, resulting in a total cost saving of PKR13.24 billion. The National Highways Authority (NHA), aligning with Prime Minister Shehbaz Sharif\u2019s vision for transparency, ensured a competitive selection process. The NXCC-led consortium won each package with significant cost advantages over the second-lowest bidders, with savings ranging from PKR 1.4 billion to PKR 7.1 billion across the four lots. The CAREC Corridor Project, funded by the Asian Development Bank (ADB), focuses on expanding the N-55 highway between Rajanpur, Dera Ghazi Khan, and Dera Ismail Khan, transforming it into a four-lane carriageway to enhance regional connectivity and trade. Meanwhile, work on Tranche-I and Tranche-II is progressing. The 66.37 km Petaro-Sehawan section is 98% complete, while the Ratodero-Shikarpur segment has reached 43%. Tranche-II, covering the Shikarpur-Rajanpur stretch, is advancing with progress between&hellip;<\/p>\n","protected":false},"author":88,"featured_media":62137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[62549,62548,62547,22096,39350],"persona":[],"class_list":{"0":"post-101377","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-carec-news-and-updates","9":"tag-central-asian-regional-economic-cooperation-carec","10":"tag-china-pak-ties","11":"tag-china-pakistan-economic-corridor-cpec","12":"tag-chinese-investment-in-pakistan","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CAREC Observes Further Development - Zameen News<\/title>\n<meta name=\"description\" content=\"A Chinese-led joint venture wins all four packages of CAREC Corridor Tranche-III, advancing regional connectivity in Pakistan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/carec-observes-further-development.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAREC Observes Further Development - Zameen News\" \/>\n<meta property=\"og:description\" content=\"A Chinese-led joint venture wins all four packages of CAREC Corridor Tranche-III, advancing regional connectivity in Pakistan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/carec-observes-further-development.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-13T06:57:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-13T06:57:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/Cover-Image-1024x444-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CAREC Observes Further Development - Zameen News","description":"A Chinese-led joint venture wins all four packages of CAREC Corridor Tranche-III, advancing regional connectivity in Pakistan.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/carec-observes-further-development.html","og_locale":"en_US","og_type":"article","og_title":"CAREC Observes Further Development - Zameen News","og_description":"A Chinese-led joint venture wins all four packages of CAREC Corridor Tranche-III, advancing regional connectivity in Pakistan.","og_url":"https:\/\/www.zameen.com\/news\/carec-observes-further-development.html","og_site_name":"Pakistan Real Estate News &amp; 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