Govt to spend $1.2 billion on Gwadar port, says minister
Kamran Michael says govt will initiate nine projects in Gwadar.
The port and shipping minister strongly refuted a news item telecast by a private TV channel that the Gwadar Port Authority wants to cancel the contract of a Chinese company. PHOTO: AFP/FILE
ISLAMABAD:
Prime minister Nawaz Sharif has approved nine projects worth $1.2 billion for Gwadar port, the Federal Minister for Ports and Shipping Senator Kamran Michael said on Friday.
The projects include an airport, schools, hospital, vocational training institutes, projects for uplift of fishermen and fish industry, and upgradation of Gwadar's infrastructure.
The government will invest $1.2 billion on the port between 24-36 months, he said.
Michael said that a Chinese delegation had just completed a three-day visit to the port. He said that the outcome of the talks with the chief executive of the Chinese company involved have been very positive and optimistic.
The Ministry of Ports and Shipping is hoping to sign memoranda of understandings with various Europeanc countries by the end of March for new avenues of cooperation.
The port and shipping minister strongly refuted a news item telecast by a private TV channel that the Gwadar Port Authority wants to cancel the contract of a Chinese company.
Prime minister Nawaz Sharif has approved nine projects worth $1.2 billion for Gwadar port, the Federal Minister for Ports and Shipping Senator Kamran Michael said on Friday.
The projects include an airport, schools, hospital, vocational training institutes, projects for uplift of fishermen and fish industry, and upgradation of Gwadar's infrastructure.
The government will invest $1.2 billion on the port between 24-36 months, he said.
Michael said that a Chinese delegation had just completed a three-day visit to the port. He said that the outcome of the talks with the chief executive of the Chinese company involved have been very positive and optimistic.
The Ministry of Ports and Shipping is hoping to sign memoranda of understandings with various Europeanc countries by the end of March for new avenues of cooperation.
The port and shipping minister strongly refuted a news item telecast by a private TV channel that the Gwadar Port Authority wants to cancel the contract of a Chinese company.