BEIJING, Jul 9 (APP): Pakistan and China on Friday signed four MOUs in health, power generation and building of two major highways in Gilgit-Baltistan.The MoUs were signed after the address of President Asif Ali Zardari to the Pak-China Economic Cooperation Forum.Under the agreement China will build the 165 km long Jaglot-Skardu road and the 135 km long Thakot- Sazin road. The projects would cost Rs 45 billion with 15 percent financing by Pakistan and 85 percent by China.
Under another MoU to be jointly executed by Chinese company Datang and Norwegian company EBT, 500 MW electricity would be produced through wind power. The wind turbines would be set up along the coastal areas of Karachi and Sindh at a cost of one billion US dollars and will be completed in short span of time.
The MoUs were signed by Chairman National Highway Authority with his Chinese counterpart and witnessed by the President.