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Gwadar port to be operational by year end :Chinese official

Discussion in 'Pakistan Economy' started by خره مينه لګته وي, Apr 12, 2016.

  1. خره مينه لګته وي

    خره مينه لګته وي FULL MEMBER

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    GWADAR: The multi-million dollar Gwadar port is set to be at "full operation" by the end of the year, a Chinese official said Tuesday, part of Beijing's ambitious economic plans in the region.

    Gwadar port will see roughly one million tonnes of cargo going through it by 2017, said Zhang Baozhong, chairman of the company in charge of development, the China Overseas Ports Holding Company.

    Current trade there is "basically nothing", he told reporters on the sidelines of a seminar about the port's development Tuesday.

    "We hope a big jump will take place... Our dream is to make Gwadar a regional trading centre," he said.

    Gwadar forms what officials call the "heart" of the China Pakistan Economic Corridor, a grand $46 billion project giving Beijing greater access to the Middle East, Africa and Europe through Pakistan.

    The port was built in 2007 with technical help from Beijing as well as Chinese financial assistance of about $248 million.

    Zhang said the tonnage will initially comprise "quite a number" of construction materials for the city's development, which Pakistani officials envision turning into another Dubai.

    Exports will at first focus on the local fishing industry, he said, with a modern processing plant planned for the area, though he would not give a timeline for the plant.

    "We shall try to process it here... So that the locals can benefit," he told reporters after the seminar.

    Desperately poor Balochistan has been roiled since 2004 by a separatist insurgency aimed at seeking greater control over the province's resources.

    Locals have accused the Chinese of conspiring with the elite to plunder the province while doing little to share profits and create jobs for residents.


    Source : Dawn News
    _____________________________________________


    Old News

    24 May, 2014

    ISLAMABAD: The Senate was informed on Friday that Gwadar port will be fully operational by 2017 and first phase of the port has been completed and its three berths are currently functional.

    Minister for Ports and Shipping Kamran Michael told the House the government has approved nine projects for development of Gwadar Port at a cost of $17 million.

    He said that 2,281 acres of land will soon be provided to a Chinese company on lease for development of free trade zone in Gwadar. This zone will include construction of container yards, warehouses, container freight stations and light industrial units.


    Source : PakTribune
     
    Last edited: Apr 12, 2016
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  2. VCheng

    VCheng ELITE MEMBER

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    That's great, but a million tons of what exactly for 2017 to go through Gawadar?
     
  3. PaklovesTurkiye

    PaklovesTurkiye SENIOR MEMBER

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    Wow. Chinese are going to make DOOR OF AIR operational by end of 2016, one year earlier as was planned.

    GREAT !!! All the best to all Pakistanis and Chinese working over there. Go guys, go for success and make it another landmark on world map.

    We can do it........:pakistan::china:

    Chinese goods/products. Or am i wrong? What makes you wonder?
     
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  4. VCheng

    VCheng ELITE MEMBER

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    Which products? Ball point pens?
     
  5. CHD

    CHD FULL MEMBER

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    First product that will be exported is state of the art butthurt cream for butthurts
     
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  6. Providence

    Providence BANNED

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    The comments may sound sly but are actually pertinent. If your brother says tomorrow that he will give 10m bucks to you at the end of each month will you question the source of his income or not ?
     
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  7. Blue Marlin

    Blue Marlin SENIOR MEMBER

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    go ask for a manifest if your so concerned. end of the day even if its not bringing/exporting Pakistani products then its still making money as Pakistan gets money from transit fees and import charges.
     
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  8. CHD

    CHD FULL MEMBER

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    If by giving that 10m is in his interest too, then their is very little to be questioning his intent
     
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  9. VCheng

    VCheng ELITE MEMBER

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    What was the old saying about not looking a gift horse in the mouth? :D
     
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  10. salarsikander

    salarsikander SENIOR MEMBER

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    Hi,
    In your esteemed Opinion, what do you suggest ?

    Should we pusrue this project or not ?
    KIndly, give reasons for your answer
     
  11. ghazi52

    ghazi52 ELITE MEMBER

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    [​IMG]


    [​IMG]
     
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  12. K Amin

    K Amin FULL MEMBER

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    Gwadar has great potential but with hard infrastructure, we also require soft infrastructure such as lease policy, international arbitration court and other such steps.....
     
  13. PaklovesTurkiye

    PaklovesTurkiye SENIOR MEMBER

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    Chinese can tell you better. :D
     
  14. VCheng

    VCheng ELITE MEMBER

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    When have the Chinese ever told anybody details of what is to be shipped? Why not? May be they do not know either. :D
     
  15. PaklovesTurkiye

    PaklovesTurkiye SENIOR MEMBER

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    Nice one. :enjoy: