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Gwadar East Bay Expressway

From Wikipedia - Reading time: 9 min

Gwadar East Bay Expressway
مشرقی خلیج بزرگرہ
Route information
Maintained by Gwadar Port Authority
Length19 km (12 mi)
Major junctions
From Makran Coastal Highway
ToPort of Gwadar
Location
CountryPakistan
Highway system

Gwadar East Bay Expressway (Urdu: مشرقی خلیج بزرگرہ, Balochi: 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

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References

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  1. ^ "Gwadar port will soon become a game-changer: Michael". Dawn. 19 May 2016. Retrieved 6 July 2016.
  2. ^ "Gwadar Eastbay Expressway | China-Pakistan Economic Corridor (CPEC) Authority Official Website".
  3. ^ "Gwadar infrastructure projects to open new avenues of economical opportunities". Customs Today. 2 October 2015. Retrieved 6 July 2016.
  4. ^ "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.
  5. ^ 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.
  6. ^ "Pakistan waives off bidding condition for CPEC projects". The Express Tribune. 14 June 2016. Retrieved 6 July 2016.
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