China confirms takeover of Gwadar port: Report

[batmannow]

Hang on a minute: If China has confirmed "takeover of Gwadar port" as the title of the thread claims, then why is Pakistan still seeking "Chinese assistance in developing Gwadar"? Merely more premature celebratory claims or something else?

I think that was a news before, what happenned after, welll our PM is in china, dust would be settled soon ?
But its the more likly !

 

[VCheng]

I think that was a news before, what happenned after, welll our PM is in china, dust would be settled soon ?
But its the more likly !

Sure, let's see what actually comes out of this meeting:

http://www.defence.pk/forums/strate...ashraf-meets-chinese-premier.html#post3395020

 

[A.Rafay]

According to PEW Handing Gwadar port To China Was Best Solution

 

[VCheng]

According to PEW Handing Gwadar port To China Was Best Solution

Quotes from the above:

.............
Willingness on the part of Beijing to take control of the port will encourage investment and professional handling of port operations. It will bring two countries closer and promote social and economic development, it said.
Gwadar is close to the Strait of Hormuz through which much of the Gulf’s oil exports are carried to other countries while converting it into an oil pipeline hub best suit Chinese interests, said Dr. Murtaza Mughal, President PEW.

Exactly how does Chinese "willingness" to take over the post "promote social and economic development" without cold hard investment?

Since Pakistan is unable to exploit opportunities in strategically important port of Gwadar, the decision seems only option which will also open new economic opportunities for people of Balochistan in shape of around $10 billion Chinese investments, he added.
Mughal said that this will be another major Chinese contribution to the development of Pakistan’s infrastructure construction which is part of Beijing’s continued commitment to support their friends become self-reliant.......................

If Pakistan itself cannot take advantage of its own resources, does anyone really think others will be trying harder to do a better job of it?

......................It may be mentioned that Gwadar was developed by the Chinese government at a cost of $288 million which was later handed over to SPA International under a 40-year agreement in 2007 for management, operations, maintenance and development.
However, SPA and its partners could not fulfil contractual obligations including investment of $775 million due to some reasons.
Mughal demanded of the government to offer tax exemptions, complete highways network and take steps to safeguard Chinese investments as no other country will be willing to invest in mega projects in Pakistan due to a variety of reasons including adverse Western sentiments.........................

A question: So if Gwadar was so "strategically important" why did China develop it and then let it go to Singaporean management in the first place?

Another question: What were there "other reasons" that led to failure of the contract? Could it be the refusal of the Navy to cooperate?