Gwadar East Bay Expressway
Gwadar East Bay Expressway | |
|---|---|
| Route information | |
| Maintained by Gwadar Port Authority | |
| Length | 19 km (12 mi) |
| Major junctions | |
| From |  Makran Coastal Highway |
| To | Port of Gwadar |
| Location | |
| Country | Pakistan |
| Highway system | |
Gwadar East Bay Expressway (Urdu: مشرقی خلیج بزرگرہ, Balochi: دیمی زر بزرگرہBalochi: دیمی زر بزرگرہ) is a municipal expressway in Gwadar, Balochistan, Pakistan.[1] The six lane expressway was inaugurated by Prime Minister of Pakistan Mian Muhammad Shahbaz Sharif on 3 June 2022. It connects Gwadar Port to the Makran Coastal Highway. The Gwadar Port Authority is supervising the project.[2][3]
The project is developed as part of the "Early Harvest" scheme of China Pakistan Economic Corridor, and is part of a wider Rs. 170.667 billion (US$590 million) development package for the city and Port of Gwadar.[4]
The cost of the project is approximately Rs. 14.7 billion (US$51 million), and will be financed by interest-free loans extended by China's state owned banks.[5] Pakistan will be required only to repay the principal value of the loan. As a condition for receiving a zero-interest rate loan, bidding for the project was limited to Chinese state-owned companies, and the contract was awarded on a government-to-government basis.[6]
See also
References
- ^ "Gwadar port will soon become a game-changer: Michael". Dawn. 19 May 2016. Retrieved 6 July 2016.
- ^ "Gwadar Eastbay Expressway | China-Pakistan Economic Corridor (CPEC) Authority Official Website".
- ^ "Gwadar infrastructure projects to open new avenues of economical opportunities". Customs Today. 2 October 2015. Retrieved 6 July 2016.
- ^ "Gwadar Expressway, Karachi-Lahore Motorway: Chinese Ambassador for early construction". Business Recorder. 6 June 2015. Archived from the original on 21 September 2016. Retrieved 6 July 2016.
China is expected to invest USD 1.62 billion in the Gwadar project, including construction of an expressway linking the harbour and coastline, a rail link, breakwater and other nine projects expected to be completed in three to five years, state-run China Daily reported.
- ^ Butt, Naveed (3 September 2015). "ECONOMIC CORRIDOR: CHINA TO EXTEND ASSISTANCE AT 1.6 PERCENT INTEREST RATE". Business Recorder. Archived from the original on 2 January 2017. Retrieved 16 December 2015.
- ^ "Pakistan waives off bidding condition for CPEC projects". The Express Tribune. 14 June 2016. Retrieved 6 July 2016.