Special Communication Organization in collaboration with China Telecom will deploy cross-border Fiber Optic cable to connect both the countries. The mega telecom project will cost Rs. 3.7 billion and will accrue economic benefits to Pakistan and will establish alternate international connectivity with China, Asian Republics (CARS) and Europe.
At present, Pakistan’s international connectivity with the world is through undersea cables, that are SEA-ME-WE 3&4, IMEWE and TWA-1, and Pakistan connected through spurs only.
On the completion of the project, it will facilitate trade, tourism and IT awareness in the region and generate economic opportunities in Gilgit-Baltistan.
The cross border fiber link is expected to generate revenue, approximate Rs. 1.5 billion in the first three years and, in the financial dividends are likely to grow.
Project is result of of a Memorandum of Understanding (MoU) that was signed in April 200, while construction and Maintenance Agreement between SCO and China Telecom (CT) was signed during the visit by Govt of Pakistan. in June 2010.
This ceremony was held in Head Quarter of SC in which Chairman SCO Project Management Board IGC&IT, SO-in-C, DG SCO, Member Telecom MoIT, and CEO, representatives of all Chines telecom firms were also present at the occasion.