Business

MoU signed for CPEC project in Gwadar

19.5 kilometres Expressway would be constructed at a cost of Rs17 billion

Ppi September 26, 2017

A general view of the Pakistani coastal town of Gwadar on the Arabian Sea in this March 19, 2007. PHOTO: REUTERS

ISLAMABAD: A Memorandum of Understanding (MoU) for construction of East Bay Expressway in Gwadar under the China-Pakistan Economic Corridor (CPEC) project was signed in Gwadar on Monday.

Gwadar Port Authority Chairman Dostain Jamaldini signed the MoU on behalf of the Pakistani government while Chinese Construction Company’s Chairman inked the memorandum on behalf of his China.

CPEC will ‘pave way for development’

Minister of State for Ports and Shipping Chaudhry Jaffar Iqbal, Chinese Deputy Minister for Communications Dai Doncang and senior Pakistani and Chinese officials attended the signing ceremony. The 19.5 kilometres Expressway would be constructed at a cost of Rs17 billion.

Speaking on the occasion, Chaudhry Jaffar Iqbal said that the project will prove to be a milestone in making Gwadar Port functional and effective.

Published in The Express Tribune, September 26^th, 2017.

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