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

  • Bangladesh’s Padma Bridge faces cost hike
    September 25, 2017
    The cost of the Padma Bridge Project in Bangladesh could rise by around US$173 million, according to a report by the Financial Express newspaper. A Planning Commission official said the money would be needed for compulsory purchase of nearly 2,6700 more hectares. Work started in 2014 and the project is likely to finish by the end of 2018.
    Read More
  • Myanmar expressway project due to commence
    November 16, 2020
    A major Myanmar expressway project is due to commence.
    Read More
  • Has the promised investment happened?
    July 10, 2012
    At the end of 2008 and the start of 2009, the world's banking system spiralled into crisis, triggered by a series of catastrophic blunders caused by bankers trying to create money from nothing. The result was to plunge the world's economy rapidly into recession. Having proved in effect that lead cannot be turned into gold, the bankers retired on fat pensions leaving governments to pledge huge sums to the banks and fill in the financial gaps.
    Read More
  • Cost soars for Bangladesh’s Karnaphuli River Tunnel
    April 14, 2015
    Amid concern over cost rises, Bangladesh has issued a request for expression of interest to engage a consultant for the proposed the Karnaphuli River Tunnel. The estimated cost to build the Karnaphuli Tunnel has risen by US$205 million, according to the government’s Bridge Authority. A report in the Financial Express newspaper said the original 2km tunnel proposal was prepared two years ago based on a feasibility study. According to Bridge Authority officials, the cost to build the 3.4km tunnel has ri
    Read More

Highlighted Content