China has decided to invest $10 billion in oil and gas, $4 billion in local manufacturing and steel sector and $9 billion have been approved for ML-I railway project under the China-Pakistan Economic Corridor (CPEC), according to Minister for Planning, Development, and Reform, Khusro Bakhtyar. The government has taken several important decisions that paved the way for the finalization of the Gwadar master plan and preliminary design of the ML-1 project, operationalization of Gwadar Port and free zone.