Gwadar port city development project | News and Updates

[waleed3601]

Chairman-Interview

 

[Green Arrow]

We need to function it quickly.

 

[CHARGER]

Strategic location: Foreign investors flocking to Gwadar port – The Express Tribune

 

[waleed3601]

Strategic location: Foreign investors flocking to Gwadar port – The Express Tribune

if I remember correctly Gwadar port will begin operations starting 30 may 2015 or something so until then no money is going to come in. with our sleepy *** govt I think it'll be around 2017 by the time Gwadar starts booming and actually begins developing into the marvelous perfection of a city that has been spoon fed to us for past 20 years.
but I have hope and I'm sure one day soon enough Gwadar port might overtake the legacy of Karachi (will be a sad day for Karachiites but a grand day for everyone as Pakistanis).

 

[Green Arrow]

Any progress about Gwadar Airport?

 

[AgNoStiC MuSliM]

but I have hope and I'm sure one day soon enough Gwadar port might overtake the legacy of Karachi (will be a sad day for Karachiites but a grand day for everyone as Pakistanis).

That will require the Balochistan government to welcome and facilitate Pakistanis from Punjab, Sindh and KP resettling in Gwadar and its surrounding areas to support the industrial and commercial activities that will result from the planned expansion of the city.

Balochistan's total current population is between 8 and 10 million, with perhaps half or less estimated to be ethnic Baloch. Karachi's population alone is estimated to be over 20 million. I am sure you can understand the demographic impact that would result from Gwadar becoming even a fraction as successful as Karachi.

 

[Al Bhatti]

From the front page of Business section of today's edition of Gulf News:

 

[CHARGER]

New avenues: Gwadar port to be operational by mid-April – The Express Tribune

 

[CHARGER]

Transparency in Senate polls- The Express Tribune Epaper

 

[Al Bhatti]

6 March 2015

UAE may invest in Pak’s gold, copper projects: Durrani

Islamabad looking to benefit from the UAE’s strategic location

The UAE has shown interest to invest in Balochistan’s Reko Diq exploration project, one of the world’s largest gold and copper reserves, which is estimated to value over $260 billion.

Talking to Khaleej Times, Pakistan’s Ambassador Asif Durrani said that work on the Reko Diq project would start soon. “There is an arbitration going on. It is another project in which interest has been shown by friendly countries to invest in. The UAE has also shown interest saying they would like to invest in the project,” he said.

Reko Diq project has been delayed due to exploration and extraction of licensing issue. Licence of these mines were given to Tethyan Copper Company (TCC). In 2011, Balochistan government cancelled the contract of TCC and now TCC has claimed for damages in the International Court of Justice.

Referring to UAE-Pakistan economic relations, the ambassador said the host country was the largest trading partner in the Gulf and Mena regions.

“Out of $19 billion trade in the Gulf region, our trade with the UAE is $9 billion. So this balance of trade is in UAE’s favour. We have $7 billion exports from the UAE, mostly oil but also we have other materials such as aluminum and machineries,” he explained. About exports from Pakistan, Durrani said it was $2.3 billion exports to UAE, mostly in foodstuff with rice being the major product, which is close to $300 million.

“The other exports include perishable fresh fruits and vegetables also valued at close to another $300 million. We also have light engineering products exported to UAE,” he said. According to him these were last year’s trade exchange figures. About this year the ambassador said: “This year we hope the trade will further grow. Compared to last year, in the last two to three months we have seen an increase in the exports of fruits and vegetables with better packaging and properly waxed. So this year we expect a growth of $100 million to $150 million in fresh fruits and vegetables exports.

“We see the UAE as the economic hub of the entire Mena region. It is now emerging trade centre, and we are looking to benefit from the UAE’s strategic location for our exports to the region.”

Another major economic contribution from the UAE, he added was the remittances from Pakistani community members, which is $3 billion annually. About havala system for remittances, he said it has not totally eradicated but still there. He said: “In fact I would say that Pakistani government is considering how fast the banking system could provide remittance services, and how the banking system could access the remote areas.”

About Pakistan’s energy requirement, he said it was 4bmcf and the country needs more to fulfill this through projects like Tapi (Turkmenistan-Afghanistan-Pakistan-Indian) pipeline project and supplies from Iran and Qatar.

He said when the Iran-Pakistan pipeline project is complete the supply from the project will be only 700mmcf, meaning still a shortage of 1.25mmcf. About Gwadar Deep-Sea Port, he said it was now emerging as an important port, especially after the agreement with China.


This will also lead to the development of multiple road networks that will link the two major North (Central Asia) and South (Gulf) oil and gas producing countries.


“China will invest more than $42 billion for the Noth-South corridor, which includes a road network from Gwadar to China. This will also boost the socio-economy of Gwadar and entire Makkuran region and the whole province of Balochistan,” he said.


The ambassador said the port will further contribute to the economic development in the Gulf region. Gwadar Port will have capability and capacity to reservoir the energy of the Gulf region and shorten the time period and the distance for oil tankers and reduce the tanker traffic chocking. “This project is going to be a game changer in the region.”

UAE may invest in Pak’s gold, copper projects: Durrani - Khaleej Times

 

[waleed3601]

"May".

 

[black-hawk_101]

WHY not Nakheel, Bin Ladin and Emmar invest in Gwadar?

 

[Menace2Society]

How long will it take for road and rail network and fully functioning gwadar?

Big potential in tourism in this area. The coast line should have safe resorts, will generate a lot of money in tourism.

 

[insight-out]

Pakistan corridor key to 'One Belt, One Road'

Experts said success in developing the China-Pakistan Economic Corridor will serve as an important model for the development of the "One Belt, One Road" initiative at a seminar in Haikou, capital of South China's Hainan Province.

The success of the China-Pakistan Economic Corridor will boost confidence of countries and regions along the route, Pakistani Senator and President of Pakistan-China Institute Mushahid Sayed said during a seminar on the China-Pakistan Economic Corridor Wednesday.

"Pakistan has traditionally been a long-standing all-weather friend to China, and Pakistan is both a part of the Central Asian economic belt through the economic corridor and a part of the 21st Century Maritime Silk Road through the port of Gwadar," Senator Sayed told the Global Times on Wednesday.

"Building ports, pipelines, roads, rail links, infrastructure and IT through the corridor will enhance connectivity between China, Pakistan and South and Central Asia, and the corridor would be a game changer and a win-win development for both countries," Sayed said.

Sayed also revealed that the Karot Hydropower Project, located in Northern Pakistan with an installed capacity of 720 megawatt, will be the first project to receive support from China's $40 billion Silk Road Fund.

The project, with its main sponsor being an investment arm of China Three Gorges Corporation, is expected to alleviate the energy shortage of Pakistan, experts said. The "One Belt, One Road" initiative, which refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, were launched by President Xi Jinping in 2013, under which China aims to support partner countries along the routes in infrastructure construction.

To finance the initiative, China announced in November 2014 it would set aside $40 billion to establish a Silk Road Fund. The fund started operation on December 29, 2014.

The framework of the Silk Road Economic Belt will be a number of economic corridors, including the China-Pakistan Economic Corridor, along key transportation arteries, supported by key cities, trade zones and industrial parks, Fan Hengshan, deputy secretary-general with the National Development and Reform Commission, said at the seminar.

The 21st Century Maritime Silk Road will be supported by key ports along the route to ensure smooth, and safe passage of transport and trade, Fan said.

Deals concerning the corridor are currently mainly focused on energy and infrastructure projects such as ports and roads. But Brad Cable, a senior managing director at management consultancy Accenture, urged planners not to lose sight of digital infrastructure.

"In the modern world the digital infrastructure will be as important as physical infrastructure. And it is much easier to export and import digital infrastructure and share it than physical infrastructure," Cable told the Global Times Wednesday.



China-operated Gwadar Port to be fully operational this year

Staff Reporter | 2015-04-15 | 15:18 (GMT+8)

Pakistan's Gwadar Port which China has signed a contract with in order to gain the right to operate it for 40 years is set to open this month, with hopes that it will transform the local economy and political landscape, reports Hong Kong newspaper Wen Wei Po.

The chief of the port's administration said the construction has almost been completed and the port will be fully operational by the end of this year. it will become the starting point of a new pipeline connecting Xinjiang and the Middle East, which is significantly shorter than the current shortest sea route for Asian markets and oil suppliers from Persian Gulf which currently uses the Strait of Malacca. It also looks to boost the local economy of Balochistan, a poor province in western Pakistan, as well as the rest of the country.

The port will also serve as the nearest estuary to nearby countries such as Afghanistan, Uzbekistan, Tajikistan and as a freighting hub linking Sri Lanka, Bangladesh, Oman, the UAE, Iran, Iraq and Xinjiang.

Beijing has planned to invest up to US$1.62 billion on the port and nine surrounding infrastructure projects such as a freeway connecting the port and nearby coastline, the port's groynes, berth maintenance dredging, a free trade zone and a new international airport. The nine projects are expected to be completed in three to five years.

The port has already led to plans for further developments such as a 1,200m-long pier for cargo containers and another 300m-long one with four berths, which can be extended up to 10km. Additional groynes and waterways as well as a dock without concession are also planned.

Pakistan transferred a concession agreement over the port between Islamabad and PSA International including the right to operate the port for 40 years to China in 2013 after reaching an agreement with Beijing. PSA International was the port's operator between 2007 and 2012 but it terminated its agreement on the ground that Pakistani government failed to build a motorway to the port and transfer land for the port's expansion, according to the Financial Times. The port is owned by Pakistani government and operated by state-owned China Overseas Port Holding Company.

 

[salman77]

Minister confirms exports from Gwadar Port

QUETTA – Federal Minister for Ports and Shipping Kamran Michael has said that exports from Gwadar Port have started, as this deep sea port has become a sign of development of Pakistan.

Talking to reporters here, he said that China would be given 2,281 acres of land in Gwadar on lease for establishing trade and economic zone. The minister also said that the Chinese companies would invest in trade and industrial sector in Gwadar.

Minister confirms exports from Gwadar Port