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The Gwadar Port (Urdu: گوادر بندرگاہ [ˈɡwaːdəɾ ˈbəndəɾɡaː]) is situated on the Arabian Sea at Gwadar in Balochistan province of Pakistan and is under the administrative control of the Maritime Secretary of Pakistan and operational control of the China Overseas Port Holding Company. [2]
The 1,320 megawatt Port Qasim Power Project comprises two 660 megawatt supercritical coal power plants, one of which was inaugurated in December 2016 as part of the China–Pakistan Economic Corridor. [1] The $2.09 billion project is located on 330.7 acres at Port Qasim, 37 kilometers east of Karachi in Sindh Province.
On 18 February 2013, Pakistan awarded a contract for the construction and operation of Gwadar Port to a Chinese state-owned enterprise.As per details of the contract, the port would remain as property of Pakistan, but would be operated by the state-run Chinese firm – China Overseas Port Holding Company (COPHC). [10]
The port is strategically important for China as sixty percent of China's oil comes from the Persian Gulf by ships traveling over 16,000 km (9,900 mi) in two to three months, confronting pirates, bad weather, political rivals, and other risks up to its only commercial port, Shanghai. Gwadar will reduce the distance to a mere 5,000 km (3,100 mi ...
China and Pakistan already conduct trade via the Karakoram Highway. The CPEC projects involve reconstruction and upgrades to National Highway 35 (N-35), which forms the Pakistani section of the Karakoram Highway (KKH). The KKH spans the 887 kilometers between the China-Pakistan border and the town of Burhan, near Hasan Abdal.
Faisalabad Dry Port (opened 1994) Pak-China Sust Dry Port (36°41'29"N 74°49'31"E) NLC Dry Port at Thokar Niaz Beg, southwest of Lahore (31°27'53"N 74°13'54"E) NLC Dry Port at Quetta (30°13'51"N 67°00'28"E) QICT Dry port at Prem Nagar railway station, southwest of Lahore (opened 2010) Sialkot International Container Terminal (32°29'12"N ...
Trade between China and Pakistan hit a 12-month figure of $12 billion for the first time in 2012. [114] 2013 – On 5 July 2013, Pakistan and China approved the Pak-China Economic Corridor which will link Pakistan's Gwadar Port on the Arabian Sea and Kashgar in Xinjiang in northwest China.
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]