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

  • Egis buys Projacs to boost its Middle East presence
    August 5, 2015
    French engineering group Egis has acquired 51% of Projacs, a major project and construction management firm in the Middle East. Egis, based in Guyancourt, north of Paris, made the purchase for an undisclosed sum. The move follows the purchase in Brazil of highways contractor Lenc at the end of last year. Projacs, founded in 1984, is based in the Gulf Cooperation Council countries of Saudi Arabia, Bahrain, Oman, Qatar, United Arab Emirates and Kuwait, but also operates in neighbouring countries. It
    Read More
  • Algerian court gives verdict on East-West motorway corruption case
    May 15, 2015
    A court in the Algerian capital Algiers has sentenced two men to 10 years in jail for their part in a money laundering scheme relating to construction of the East West Motorway.
    Read More
  • Vietnam’s Van Don Economic Zone development plan
    June 13, 2019
    The authorities in Vietnam’s coastal Quang Ninh Province have set out a transport infrastructure development plan. The programme of works will prioritise development of the Van Don Economic Zone (Van Don EZ) under the plan. The programme of works involved is expected to be worth US$358 million. New roads are planned, along with new bridges to provide better connections to some of the many islands in the province. The existing Van Don Airport will also benefit from an upgrade to boost capacity. Quang N
    Read More
  • China's important new links
    February 24, 2012
    Work is now underway on a new highway in China, the Shenzhen Eastern Corridor expressway.
    Read More

Highlighted Content