Islamabad (July 13, 2018): Pakistan and China will inaugurate an optic fibre cable, that has been laid to provide direct link between Pakistan, the Middle Asia and East Asia, today.
Army chief General Qamar Javed Bajwa, Prime Minister Nasirul Mulk, Chinese Ambassador Yao Jing, SCO director general and Huawei Middle East Region President Charles Yang will be present at the inauguration ceremony that will be held in Islamabad. The cable connects Rawalpindi with Khunjerab on the Pakistan-China border at an altitude of 4,700 meters, the highest fibre cable project in the world. Later, the cable will be extended to Gwadar.
It is the first project under the early harvest programme of the China-Pakistan Economic Corridor (CPEC) and the only information and communication technology (ICT) project under CPEC. The project will help improve the telecom and ICT industry of Pakistan, provide them infrastructure for 3G/4Gpromote, promotes tourism and create trading opportunities.The project is owned by SCO and its engineering, procurement and construction (EPC) contractor was Huawei. After two years of hard work by SCO and Huawei, the project stands complete and ready for commercial use.
Total cost was estimated at $44 million and Exim Bank of China provided 85% of loan at a concessionary rate.