China to provide Rs410m for Gwadar port feasibility study

Published: January 22, 2016
Officials from the two countries sign agreement for the study to be completed within a year

Officials from the two countries sign agreement for the study to be completed within a year

ISLAMABAD: Pakistan and China signed an agreement on Friday to finance the feasibility study of Gwadar port city master plan, aiming at transforming the deep-port city into a regional economic hub.

Secretary economic affairs division Tariq Bajwa and Chinese ambassador Sun Weidong signed the letter of exchange, enabling the latter to provide Rs410 million to finance the study which will be completed within a year.

The two sides discussed implementation mode, objectives, scope and time-frame of the project.

Under the study, the master plan of Gwadar city will be updated and integrated with the master plan of the Gwadar Port.

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It will identify Gwadar’s competitive advantage vis-a-vis regional ports and developing a business case for the port, its contribution to export led growth, market creation, industrialisation, tourism and revenue generation.

The study will also suggest strategies to facilitate trade, tourism, community participation, public-private partnership and industrial and economic development on a national and regional level.

Gwadar Port will be connected with China through road, rail and fibre links to help enhance the bilateral trade.

Oil and gas pipelines are also part of the multibillion-dollar economic corridor in the long term, expecting to provide a much-needed boost to economic activities in the insurgency-hit Balochistan.

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Reader Comments (9)

  • Jan 22, 2016 - 8:41PM

    Good news for Pakistan. Recommend

  • buba
    Jan 22, 2016 - 9:17PM

    After all the rhetoric that Gwadar was the linchpin for CPEC it turns out you haven’t even performed a feasibility study. Classic Pakistan.Recommend

  • Iqbal
    Jan 22, 2016 - 10:04PM

    So we don’t know yet whether it is feasible? Then what was so much noise about?Recommend

  • Tyggar
    Jan 22, 2016 - 10:15PM

    So China will fund a study which will decide whether it is worthwhile to pay China for building a port using Chinese labour. Great!!Recommend

  • Naresh
    Jan 23, 2016 - 2:51AM

    The feasibility study is to develop Gwadar port city master plan aiming at transforming the deep-port city into a regional economic hub.

  • abbassin
    Jan 23, 2016 - 3:16AM

    Do editors at articles written by their illustrious correspondents-before they are published? The title “China to provide Rs 410m for Gwadar port feasibility study” is misleading-in fact the article says that the money is to carry out a feasibility study for “Gwadar port city master plan” which seems to be an entirely different project. However, common sense dictates act that all such studies should have been done a long time ago-much before the actual start up of the Gwadar project.Recommend

  • shah
    Jan 23, 2016 - 11:32AM

    This Is A Study For The Development of Masterplan Of Gwadar City.If You Indian Trolls Can’t Make The Difference Between A Port and A City Then May God Have Mercy on YouRecommend

  • Tyggar
    Jan 23, 2016 - 5:51PM

    Port or city what difference does it make. It’s still conflict of interest when China funds a study where one of the possible outcomes is profitable to ChinaRecommend

  • naveed malik
    Mar 3, 2016 - 9:46AM

    cpec will lead the region it will create million of jods for the people it is game changer in region gwadar will be business hub not only for asia it will also fot africe and europeRecommend

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