China will receive 91pc revenues from Gwadar port for 40 years

[DJ_Viper]

China will receive 91pc revenues from Gwadar port for 40 years

ISLAMABAD: China will receive 91 percent of the revenues set to be received from Gwadar Port and 9pc will go to Gwadar Port Authority (GPA) for a period of 40 years, the Senate was informed on Friday.

Its interesting to see these threads where Pakistani citizens don't understand their own nation's projects, or bad-publicize them for their personal / political reasons. No matter how much I dislike this project from an American point of view, this is going to transform Pakistan from what it was. In fact, recently looking at various business and market report, until a few months ago till political issues started, Pakistan was growing at a much rapid pace. This is such a lifeline project that would give Pakistan a new and highest growth economic life.

The revenue's outlined above are for port operations. Not the entire CPEC project that includes transportation tolls, shipping costs, future product assembly within Pakistan to ship stuff out faster, instead of making these in China, and the development of over 12 future larger cities around this route and various business districts. Not sure why these great things would be bad mouthed.

 

[4GTejasBVR]

No worries. india can't because China/Pakistan has the weapons and technology to "unblock" indian intrusions with ease Our claims that the profit we will make via Gwadar is ridiculous? Funny that, indians claimed EXACTLY the same with regards to Pakistan becoming a nuclear weapons state......

how much is ur ridiculous profit? Looks like u have made inception part 2

 

[TheBlackCoat]

For all Indian members. Forget 91% vs 9%. Think what exactly will happen if you or your Uncle Sam try to hit Gawadar or try to blockade it. You will be hitting China directly. I wouldn't be surprised if in the future Chiba starts building islands in the Arabian Sea. @wanglaokan

Why would US hit Gwadar? Both China and Pakistan are our allies.

Clearly, this is not business. This is one sided occupancy.

That's how Businesses work. With people like you, no wonder no one can do Business with India.

 

[MultaniGuy]

Its interesting to see these threads where Pakistani citizens don't understand their own nation's projects, or bad-publicize them for their personal / political reasons. No matter how much I dislike this project from an American point of view, this is going to transform Pakistan from what it was. In fact, recently looking at various business and market report, until a few months ago till political issues started, Pakistan was growing at a much rapid pace. This is such a lifeline project that would give Pakistan a new and highest growth economic life.

The revenue's outlined above are for port operations. Not the entire CPEC project that includes transportation tolls, shipping costs, future product assembly within Pakistan to ship stuff out faster, instead of making these in China, and the development of over 12 future larger cities around this route and various business districts. Not sure why these great things would be bad mouthed.

Why do you dislike the CPEC project, Yankee?

Is it because you cannot tolerate other societies becoming strong?

Yes the CPEC project and Gwadar will transform Pakistan definitely.

It is a game changer. Gwadar port changes everything for China.

Instead of going through Malacca straits, they can go through Gwadar port. A huge win for both countries Pakistan and China.

 

[武成王]

Its interesting to see these threads where Pakistani citizens don't understand their own nation's projects, or bad-publicize them for their personal / political reasons. No matter how much I dislike this project from an American point of view, this is going to transform Pakistan from what it was. In fact, recently looking at various business and market report, until a few months ago till political issues started, Pakistan was growing at a much rapid pace. This is such a lifeline project that would give Pakistan a new and highest growth economic life.

The revenue's outlined above are for port operations. Not the entire CPEC project that includes transportation tolls, shipping costs, future product assembly within Pakistan to ship stuff out faster, instead of making these in China, and the development of over 12 future larger cities around this route and various business districts. Not sure why these great things would be bad mouthed.

Some feel it's a *unfair* deal because Pakistan has too few share of this port, they wouldn't think about the logic behind this deal. Just like the ports acquired by China in other countries, e.g. Sri Lanka and Myanmar, the ports themselves are not profitable as expected, however the economic ecosystem built around the port is promising, compare with the output of the future ecosystem, the port is chicken feed.

 

[MultaniGuy]

Some feel it's a *unfair* deal because Pakistan has too few share of this port, they wouldn't think about the logic behind this deal. Just like the ports acquired by China in other countries, e.g. Sri Lanka and Myanmar, the ports themselves are not profitable as expected, however the economic ecosystem built around the port is promising, compare with the output of the future ecosystem, the port is chicken feed.

With 91% revenues in Gwadar port, means China has big plans for Gwadar port. China will not leave Pakistan alone.

China wants Gwadar port to succeed because China has invested so much in Pakistan and Gwadar Port.

 

[武成王]

With 91% revenues in Gwadar port, means China has big plans for Gwadar port. China will not leave Pakistan alone.

China wants Gwadar port to succeed because China has invested so much in Pakistan and Gwadar Port.

Yes. However we need explain to people the logic behind the deal, otherwise, people will refuse cooperation, or complain, it's well understandable.

 

[MultaniGuy]

Yes. However we need explain to people the logic behind the deal, otherwise, people will refuse cooperation, or complain, it's well understandable.

Perhaps you could be right. We will see what happens.

 

[武成王]

Perhaps you could be right. We will see what happens.

No big concern over this. I'm optimistic about the development of Gwadar, however media often spread exaggerated propaganda, patience is required. In this region, China need an industrial center to help adopt the relocation from China, Pakistan is the most ideal country,
have a population of 200 million, there're lots of young labors, apparently Arab, Iran, Central Asia has no such good condition to adopt industries, India is out automatically, so Pakistan is the best option.

 

[Mrc]

It's actually a clever interesting and smart way to make Chinese interested in using cpec... more traffic they generate... more money they make ... and same is true for Pakistan... it's a win Win

 

[Canuck786]

I think a lot of members are confusing two entities with each other; Gwadar Port (Not Gwadar City) and CPEC.

CPEC (China Pakistan Economic Corridor) includes 10+ billion dollars worth of highways and motorways connecting remote areas of Pakistan including Gwadar City and it's port to the Nation's main road infrastructure. There are also plans for 46 SEZ's in the long term out of which 9 are being worked for immediate implementation right now. Different industries will be started in these SEZ's creating new employment for a sizeable population. Even the newly built roads are passing mostly through very under developed and poor areas and by it's addition will bring a huge economic boost to these areas as a result.

Another part of the CPEC is to introduce new technologies in the agriculture sector to create farmland out of barren lands.

Not only Gwadar is being built as a planned city but pretty soon there will be new cities emerging along the route of CPEC in the future as well. All this will involve construction giving boost to cement and other raw material industries and employ hundreds of thousands of people if not millions.

Keep in mind the East Coast expressway along with the rail tracks, very large Gwadar Airport, 300 bed state of the art hospital, schools, water 5 million gallons desalination plant, waste water treatment plant, access roads to the port and the port infrastructure itself are some of the monies being spent by the Chinese as grants and not loans.

Yet another plan is to develop some of the beaches to promote tourism on the beautiful shoreline of Balochistan. This again is a sector that has been ignored for too long now and will result in economic gains.

The economic activity will reap it's benefits to the country in the form of income tax, Sales Taxes, Property Taxes, Transfer Taxes, new crops, raw materials converted to finished goods with added value to potential exports etc. This will cause a significant increase to our Gross National Product.

So you see the revenue from the port component is insignificant in comparison to all other benefits of the plan and so even if we didn't get the 9% of the profits/port revenues, we will still be winners as a nation.

 

[DJ_Viper]

Why do you dislike the CPEC project, Yankee?

Is it because you cannot tolerate other societies becoming strong?

Yes the CPEC project and Gwadar will transform Pakistan definitely.

It is a game changer. Gwadar port changes everything for China.

Instead of going through Malacca straits, they can go through Gwadar port. A huge win for both countries Pakistan and China.

If you re-read my posts, you'd see my positive views for Pakistan. I am trying to understand the reason behind your verbal animosity but I think you guys think every American hates Pakistan and there is nothing on Pakistan's end that has ever been wrong.

I dislike the project from a Chinese and US dominance's standpoint. I wish the US was funding this project and many more to grow her influence like the Chinese are doing. I wish Pakistan well and I look forward to seeing such talented nation come up. Its time.

Interesting enough, the other Chinese member nop also responded to my post and it was very balanced. He understood my good views about Pakistan. Sadly, you and some others ignore that.

Some feel it's a *unfair* deal because Pakistan has too few share of this port, they wouldn't think about the logic behind this deal. Just like the ports acquired by China in other countries, e.g. Sri Lanka and Myanmar, the ports themselves are not profitable as expected, however the economic ecosystem built around the port is promising, compare with the output of the future ecosystem, the port is chicken feed.

We know our Pakistani friends for the past 70 years. No matter how right or wrong they may be, at the end, its always the America that they end up hating sadly. Plus, there is plenty of division politically, has always been. They somehow "create" someone every few decades that only criticizes anything good that someone else may be doing. So people who belong to that other side, would act like these projects are the worst thing on the globe and they are out there to destroy Pakistan. If you ask them for an alternative, there is none! Seen and heard a lot about Pakistanis and their divided mindset before. But a very talented nation. In fact, this internal division has wasted decades of this nation and if there was a proper system, they would be where South Korea is today.

You are right, it is the economy and associated eco-system that matters. Not just a project.

 

[Narad Mian]

China will receive 91pc revenues from Gwadar port for 40 years
By News Desk -
November 25, 2017
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ISLAMABAD: China will receive 91 percent of the revenues set to be received from Gwadar Port and 9pc will go to Gwadar Port Authority (GPA) for a period of 40 years, the Senate was informed on Friday.

The details were shared by Federal Minister for Ports and Shipping Mir Hasil Bizenjo with senators after they showed their worries over concealment over China-Pakistan Economic Corridor (CPEC) long-term agreement, reported Dawn.

Bizenjo said the agreement was reached on build-operate and transfer model negotiated for a period of 40 years. PML-N’s Senator Kalsoom Parveen of PML-N said agreement had not been inked on basis of parity as had been done with India, she said.

Parveen asked Chairman Senate Raza Rabbani to call for a meeting in which all related departments which signed the agreement should be present. On this request, Rabbani highlighted about the presence of two committees in relation to CPEC, a parliamentary panel and senate committee.

Rabbani asked Parveen to take up this issue with Senate committee on CPEC. Pakhtunkhwa Milli Awami Party (PkMAP) Senator Sardar Azam Musakhel decried that no chairman of the two committees was from Balochistan and accused that China had been provided a concession.

And Pakistan Tehreek-i-Insaf (PTI) Senator Mohsin Aziz, said the involvement of business community was a must in inking of such business dealings, a task which be believed shouldn’t be left to bureaucrats.

PML-N Senator Javed Abbasi said CPEC would offer immense benefits to Pakistan and defended the agreement. He said power projects under CPEC would resolve Pakistan’s energy crisis and several are being established in Sind and Balochistan.

• TAGS
• CPEC
• Gwadar Port
• power projects
• Senate Panel

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Very well negotiated deal by chinese. Pakistanis here are being just pakistanis...lol

 

[Clutch]

Its interesting to see these threads where Pakistani citizens don't understand their own nation's projects, or bad-publicize them for their personal / political reasons. No matter how much I dislike this project from an American point of view, this is going to transform Pakistan from what it was. In fact, recently looking at various business and market report, until a few months ago till political issues started, Pakistan was growing at a much rapid pace. This is such a lifeline project that would give Pakistan a new and highest growth economic life.

The revenue's outlined above are for port operations. Not the entire CPEC project that includes transportation tolls, shipping costs, future product assembly within Pakistan to ship stuff out faster, instead of making these in China, and the development of over 12 future larger cities around this route and various business districts. Not sure why these great things would be bad mouthed.

Overwhelming majority of pakistani are supportive of CPEC and this is also reflected on this forum.

The people you might be alluding to that are voicing unfair criticism are mostly Indians. Which actually validates CPEC rather than disproves it.

There may be some Pakistanis who might oppose CPEC because they have a different perspective, are either misinformed, or are Indian stooges... this also is natural in an open free society. There are always the bay sayers
.. You will never get 100% .

 

[Samlee]

Pakistan does not have a loan for CPEC?

Who don't be laughing at this? Everything is loan

Yes The So Called Loans For Power Projects Are In The Books For The Sponsors Of The Power Projects of The Government Of Pakistan.Secondly The Highway and Motorway Projects For Which Loans Have Been Contracted Are In The Books Of The Concession Holder.

The Remaining Loans Regarding Gwadar Airport Have Been Written Off and The Funds For The Expansion Of Gwadar Port Are In The Books Of COPH.So By And Large There Is No Loan For The Pakistani Taxpayer.

Very well negotiated deal by chinese. Pakistanis here are being just pakistanis...lol

And Indians Are Just Being Indians Poking Their Nose Where It Doesn't Belong