China kick-starts Pakistan’s Gwadar East Bay Expressway

China is offering an interest-free US$130 million loan to Pakistan for construction of the Gwadar East Bay Expressway in the southwest port of Gwadar. The proposed 19km expressway will connect the Gwadar Port with the Mekran Coastal Highway, passing along the east bay of Gwadar City. The loan is part of a wider financing deal whereby China has a converted $225.5 million loan for the Gwadar International Airport into a loan. Work on the highway is expected to start in November for completion at the
September 2, 2015 Read time: 1 min
China is offering an interest-free US$130 million loan to Pakistan for construction of the Gwadar East Bay Expressway in the southwest port of Gwadar.

The proposed 19km expressway will connect the Gwadar Port with the Mekran Coastal Highway, passing along the east bay of Gwadar City.
 
The loan is part of a wider financing deal whereby China has a converted $225.5 million loan for the Gwadar International Airport into a loan.

Work on the highway is expected to start in November for completion at the end of 2017, Pakistani media reported.

Highway and airport improvements are part of a plan by the Balochistan provincial government tha includes a special economic zone and industrial parks to boost the economy.
Finance & Funding

Related Content

  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • Pakistan project benefiting from Saudi Arabia funding
    January 30, 2017
    Work on the construction of the Swat Expressway in Pakistan’s Khyber Pakhtunkhwa province is now commencing. Financial assistance for the project worth US32.6 million is being provided by Saudi Arabia. In all the project is expected to cost $364.35 million to construct however. The work calls for the building of a 113km highway that features four lanes, boosting transport Connections in Pakistan’s Swat area.
    Read More
  • Oxford to Cambridge route proposed
    August 22, 2016
    A major new highway project connecting the UK’s university cities of Oxford and Cambridge has been proposed. A new study by the Department for Transport (DfT) has set out the case to improve connections between Oxford, Milton Keynes and Cambridge. The Oxford to Cambridge expressway strategic study is one of a number of studies aimed at addressing some of the biggest challenges facing the road network in the UK. The study has been carried out by WSP | Parsons Brinckerhoff, CH2M and Steer Davies Gleave.
    Read More
  • New highway infrastructure planned for Nepal
    March 18, 2014
    Interest is said to be strong for a key highway project in Nepal. The project to build the US$1.02 billion Kathmandu-Tarai Fast Track route has attracted interest from China in the shape of the China Infrastructure Investment Corporation (CIIC) and from India with Reliance Infrastructure, and Shapoorji Pallonji. The 76km highway will commence at Khokana and connect capital Kathmandu with Nijgadh. Should CIIC win the deal it has said it will source funding from China’s Exim Bank. The project has been hit by
    Read More

Highlighted Content