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Gwadar East Bay Expressway مشرقی خلیج بزرگرہ | |
|---|---|
| Route information | |
| Maintained by Gwadar Port Authority | |
| Length | 19 km (12 mi) |
| Major junctions | |
| From |  Makran Coastal Highway |
| To | Port of Gwadar |
| Highway system | |
| Template:Infobox road/browselinks/PAK
| |
Gwadar East Bay Expressway (Urdu: مشرقی خلیج بزرگرہ, Template:Lang-bal) is a municipal expressway currently under construction in Gwadar, Balochistan, Pakistan.[1] The six lane expressway was initially planned to be complete by 2018 [1] but has been delayed to Oct 2021.[2] It will connect Gwadar Port to the Makran Coastal Highway. The Gwadar Port Authority is supervising the project.[3][4]
The project is being developed as part of the "Early Harvest" scheme of China Pakistan Economic Corridor, and is part of a wider Rs. 170.667 billion (Template:PKRConvert/out) development package for the city and Port of Gwadar.[5]
The cost of the project is approximately Rs. 14.7 billion (Template:PKRConvert/out), and will be financed by interest-free loans extended by China's state owned banks.[6] 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.[7]
References[edit | edit source]
- ↑ 1.0 1.1 "Gwadar port will soon become a game-changer: Michael". Dawn. 19 May 2016. Retrieved 6 July 2016.
- ↑ https://www.radio.gov.pk/02-05-2021/eastbay-expressway-gwadar-to-be-completed-in-october-asim-bajwa
- ↑ http://cpec.gov.pk/project-details/32
- ↑ "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. 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. Retrieved 16 December 2015.
- ↑ "Pakistan waives off bidding condition for CPEC projects". The Express Tribune. 14 June 2016. Retrieved 6 July 2016.
Template:Expressways of Pakistan Template:China–Pakistan Economic Corridor Template:One Belt, One Road