Singapore port operator on way out of Gwadar

[A.Rafay]

ISLAMABAD:
The largely-static cranes at Gwadar port may start functioning again as the impasse on port operations is expected to be resolved very soon.
Pakistan and Port of Singapore Authority (PSA) are negotiating to end their $750 million agreement to operate the deep sea port at Gwadar and sources say a final deal is expected shortly.
Former dictator Pervez Musharraf had handed over Gwadar operations to the PSA, a global port operator, under a concession agreement for 40 years.
The move annoyed Chinese leadership who thought of Gwadar as the gateway for their products to international markets.
Stalemate after stay order
The deal between the Gwadar Port Authority (GPA), on behalf of the government of Pakistan, and the Singapore giant ran into trouble mainly because of two reasons.
Firstly, the security situation in Balochistan hindered the PSA from investing the money it had promised in the agreement for the development of the port and off-shore infrastructure.
Secondly, the Supreme Court had issued a stay order against the allotment of Gwadar land to a foreign company, back in December 2010, on petitions filed by some individuals, including the Balochistan governor.
Officials privy to the negotiations told The Express Tribune that the PSA was frustrated over the delay on the issue by the Supreme Court and had finally decided to give it up.
The apex court is yet to issue a verdict on the matter, despite the stay order being in place for more than a year and a half.
An official at GPA said the negotiations to scrap the deal have been going on for some time now but the announcement of the final outcome hinges on the decision by the Supreme Court.
Handing over to Beijing
A source close to the Pakistan Peoples Party (PPP) leadership said the future of Gwadar was on the agenda when President Asif Ali Zardari travelled to China recently and held bilateral meetings with top leaders in Beijing on the sidelines of a regional summit.
Chinese leaders, according to the source, had always been keen to take control of the port they built for their own interests.
Another source, who was part of a meeting to prepare the agenda for President Zardari’s visit to Beijing, said Islamabad was ready to hand over Gwadar to a Chinese company once the deal with PSA is scrapped.
A top official at the Ministry of Ports and Shipping said that Islamabad could not have ended the deal unilaterally because the agreement Musharraf signed with PSA was ‘heavily biased’ in favour of the Singapore giant.
PSA would have dragged Pakistan into international litigation and there might have been severe penalties for scrapping the deal, he said on condition of anonymity.
“That is why we were waiting for closing it with the mutual consent of both parties,” the official added.

 

[razgriz19]

well well, i seriously don't care who's operating it as long as the port is doing what its suppose to do!

 

[A.Rafay]

well well, i seriously don't care who's operating it as long as the port is doing what its suppose to do!

I think you Trolled,
It is not doing what it is suppose to do when it is under PSA Port of Singapore Authority Becuase Musharaf Gave it to PSA for 40 years and it annoyed chineese and POP and SCP issued Stay order to halt operations Since two years Which Fraustrated the PSA, now they are backing from GPA and GP will be handed to Chinese And they Will Manage Operations and expand The Port.

 

[tarrar]

ISLAMABAD:
Former dictator Pervez Musharraf had handed over Gwadar operations to the PSA, a global port operator, under a concession agreement for 40 years.
The move annoyed Chinese leadership who thought of Gwadar as the gateway for their products to international markets.

Gawadar port is on Zardari agenda LOZZZZ the person who destroyed Pak Railways, Pak Ariline & many other Ministries & institute of Pakistan is actually having development plans for Gawadar port, PLEASE LOZZZZ.

No body wants to see Gawadar port develop India is against it & Mid. East is against is & when Zardari is here he will happily say YES SIR & destroy any thing he is aked to destroy like Pak Railways & Pak Air Lines etc.

Dictator Musharraf? It is because of him Pakistan was developing, he was taking Pakistan forward & it was he who started this project, US was dying for this contract & wanted this contract but Gen. Musharraf was smart & he handed the contract to China & Singapore. The only people who should be called Dictators are these corrupt b*sterd politicians who are here to harm Pakistan only & secondly China was happy with Gawadar port because it gave them world access & a short route.

I don’t understand you saying China was not happy because the management was given to Singapore, no such thing ever happened these are all crap propaganda reports made by these corrupt reporters & journalist in favor of these corrupt good for nothing politicians, by using the word dictator it explains it all who is the writer.

In the beginning PPP was not even bothered about Gawadar port & even today they are not concerned & bothered, only China & Pak Army is trying to do something for Gawadar port. You saying PPP doing something LOZZZZZZZZZZZZZZ on your face & SC LOZZZZZZZZZZ on them to, good for nothing.

 

[tarrar]

I want to see Gawadar port fully functional no matter what. It is a mjor cource of income to Pakistan.

I think you Trolled,
It is not doing what it is suppose to do when it is under PSA Port of Singapore Authority Becuase Musharaf Gave it to PSA for 40 years and it annoyed chineese and POP and SCP issued Stay order to halt operations Since two years Which Fraustrated the PSA, now they are backing from GPA and GP will be handed to Chinese And they Will Manage Operations and expand The Port.

Different stories I have something else you have heard something else. But we really want is for the Gawadar port to fully be functional no matter what.

 

[Xracer]

I want to see Gawadar port fully functional no matter what. It is a mjor cource of income to Pakistan.



Different stories I have something else you have heard something else. But we really want is for the Gawadar port to fully be functional no matter what.

yes i,ve heard some amazing stories toooooo about navy i hope Gawadar port Become fully Operational ASAP

 

[AZADPAKISTAN2009]

Well in absense of any business the deal break is ideal for both parties

Once again PPP is out to destroy Musharaf`s legacy one by one ...

Sadly what a shame we have PPP and other people governing Pakistan

Democracy is a true curse on Pakistan , since we do not have Èducated class to differentiate between good and bad