Seeking development: Planning for Gwadar continues

Amount of $1.2 billion to be spent on port.

KARACHI:

Federal Minister for Ports and Shipping Kamran Michael has said that the present administration is serious in their motive to see development taking place at the Gwadar port area.

He said that through Chinese investment, an economic corridor would be established for the development of Gwadar Port and Memorandum of Understanding/agreements had been signed and an amount of $1.20 billion was to be spent on the port’s development.

The amount will be invested in two to three years, he added. Senator Kamran Michael stated this during a meeting at his ministerial secretariat in Islamabad.

Unveiling further details, Michael said that the prime minister’s approval has already been taken under which the Gwadar airport and road infrastructure will be upgraded and brought at par with the latest international facilities. Similarly, development of hospital, school and vocational training institutes will be built at Gwadar, he said. More berths at Gwadar port will also be established that would attract international famed companies and their investments, he added.

“The consulate generals of various countries have been taken to Gwadar for a detailed lookout. Some of these have shown interest in Gwadar for business ventures,” said the senator. “The consulates of Belgium and Holland have specifically shown interest for business ventures at the port.”

Published in The Express Tribune, March 15^th, 2015.

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