Gwadar Port road connectivity to be completed by end of 2021.

ISLAMABAD   –  The road connectivity of Gwadar Port with the 2nd Phase of the Free Trade Zone (FTZ) will be completed by the end of 2021 which will facilitate the business climate of the zone and the port alike.

earthpk.com

Pakistan and China also agreed that the Power Purchase Agreement of 300mw Coal Power Project was made as a deliverable for the forthcoming 10th JCC. The project upon completion would energize the industry in Gwadar and improve the social and economic well-being of the local community.

Meanwhile, a press statement issued here stated that the 5th Meeting of the Joint Working Group on Gwadar was held through a video link on Monday here. The meeting was co-chaired by the Secretary, Ministry of Planning, Development, & Special Initiatives (MoPD&SI), Mathar Niaz Rana from the Pakistan side, and Director-General, National Development and Reform Commission (NDRC), Ying Xiong, from the Chinese side. In his opening remarks, Director General, NDRC said that the development of the Gwadar was a priority and would be pushed forward with vigour and zeal. The Secretary, PD&SI acknowledged the continuous support extended by the Chinese government for the development of Gwadar and assured the Chinese side of Pakistan’s unwavering commitment to accelerate the development projects in Gwadar.

The meeting reviewed the progress of projects in Gwadar. Both sides expressed satisfaction over the progress made in port development and the Chinese side appreciated the support provided by Pakistan in the port operationalization, particularly enabling the Afghan transit trade through Gwadar. It was agreed that this step would greatly reduce the logistic cost and facilitate the trans-shipment trade. Chairman CoPHCL explained the development of the port in detail and highlighted the renewed interest of the entrepreneurs in investing in the Gwadar Port and Free Zone area. It was informed that the Eastbay Expressway will be completed in 2021 and all pending issues have been resolved on priority. The Expressway will connect the port with the 2nd Phase of the Free Trade Zone (FTZ) which will facilitate the business climate of the zone and the port alike. Other projects discussed included New Gwadar International Airport (NGIA) and M-8 Motorway for seamless connectivity of Gwadar with the rest of the country and beyond. The progress on the NGIA was noted with satisfaction.