->WikiCleanerMan at 15:20, 27 August 2021

2021-08-27T15:20:58Z

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{{Use Pakistani English|date=June 2017}}
{{infobox road
| name = Gwadar East Bay Expressway<br><small>{{nq|مشرقی خلیج بزرگرہ}}</small>
| country = PAK
| type =
| map =
| length_km =19
| length_ref =
| Interchanges =
| terminus_a =[[File:Pakistan_N-10.svg|30px]] [[Makran Coastal Highway]]
| terminus_b =[[Port of Gwadar]]
| established =
| maint = [[Gwadar Port Authority]]
}}
'''Gwadar East Bay Expressway''' ({{lang-ur|{{nq|مشرقی خلیج بزرگرہ}}}}, {{lang-bal|'''دیمی زر بزرگرہ'''}}) is a [[Gwadar District|municipal]] [[Expressways of Pakistan|expressway]] currently under construction in [[Gwadar]], [[Balochistan, Pakistan|Balochistan]], [[Pakistan]].<ref name="dawn.com">{{cite news|title=Gwadar port will soon become a game-changer: Michael|url=http://www.dawn.com/news/1259263|accessdate=6 July 2016|agency=Dawn|date=19 May 2016}}</ref> The six lane expressway was initially planned to be complete by 2018 <ref name="dawn.com"/> but has been delayed to Oct 2021.<ref>https://www.radio.gov.pk/02-05-2021/eastbay-expressway-gwadar-to-be-completed-in-october-asim-bajwa</ref> It will connect [[Gwadar Port]] to the [[Makran Coastal Highway]]. The [[Gwadar Port Authority]] is supervising the project.<ref>http://cpec.gov.pk/project-details/32</ref><ref>{{cite news|title=Gwadar infrastructure projects to open new avenues of economical opportunities|url=http://www.customstoday.com.pk/gwadar-infrastructure-projects-to-open-new-avenues-of-economical-opportunities/|accessdate=6 July 2016|agency=Customs Today|date=2 October 2015}}</ref>

The project is being developed as part of the "Early Harvest" scheme of [[China Pakistan Economic Corridor]], and is part of a wider {{PKRConvert|170.667|b}} development package for the city and [[Port of Gwadar]].<ref>{{cite news|title=Gwadar Expressway, Karachi-Lahore Motorway: Chinese Ambassador for early construction|url=http://www.brecorder.com/general-news/172/1193519/|accessdate=6 July 2016|agency=Business Recorder|date=6 June 2015|quote=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.}}</ref>

The cost of the project is approximately {{PKRConvert|14.7|b}}, and will be financed by interest-free loans extended by China's state owned banks.<ref name="Business Recorder">{{cite news|last1=Butt|first1=Naveed|title=ECONOMIC CORRIDOR: CHINA TO EXTEND ASSISTANCE AT 1.6 PERCENT INTEREST RATE|url=http://www.brecorder.com/market-data/stocks-a-bonds/0/1223449/|accessdate=16 December 2015|work=Business Recorder|date=3 September 2015}}</ref> Pakistan will be required only to repay the [[Bond (finance)#Principal|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.<ref>{{cite news|title=Pakistan waives off bidding condition for CPEC projects|url=http://tribune.com.pk/story/1122836/eccs-decisions-bidding-condition-waived-off-cpec-projects/|accessdate=6 July 2016|agency=The Express Tribune|date=14 June 2016}}</ref>

==References==
{{reflist|30em}}

{{Expressways of Pakistan}}
{{China–Pakistan Economic Corridor}}
{{One Belt, One Road}}

{{DEFAULTSORT:China-Pakistan Economic Corridor}}
[[Category:China–Pakistan Economic Corridor]]
[[Category:Economic development in Pakistan]]
[[Category:Infrastructure investment]]
[[Category:Nawaz Sharif administration]]
[[Category:Proposed transport infrastructure in Pakistan]]
[[Category:Expressways in Pakistan]]
[[Category:Roads in Balochistan, Pakistan]]

{{Pakistan-road-stub}}

Gwadar East Bay Expressway - Revision history

->WikiCleanerMan at 15:20, 27 August 2021