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

  • The doors open on a record-breaking bauma China 2018
    November 22, 2018
    You can tell a lot from numbers – and this year’s bauma China exhibition is set to be a record-breaker! The exhibitor numbers represent an impressive 11% increase on the 2,958 exhibitors from 41 countries that presented their products and innovations to around 170,000 visitors at the 2016 event.
    Read More
  • Balfour wins US-70 upgrade in North Carolina
    February 14, 2023
    Balfour is already involved in the US-70 Havelock Bypass and US-70 James City projects.
    Read More
  • Work to start on Mianyang-Jiuzhaigou Expressway, China
    March 24, 2014
    Work on the new 218.5-kilometre Mianyang-Jiuzhaigou Expressway in Sichuan province, China is expected to begin later this year. Upon completion of the US$4.91 billion (CNY 30.58 billion) megaproject, the travel time from Chengdu city in the province to Jiuzhaigou via the expressway will take only 210 minutes. The expressway is expected to be completed within 60 months and is scheduled to be operational no later than 31 December 2018. Meanwhile, construction of the Ziyuan-Xing'an highway has fully started.
    Read More
  • New highway in China’s Ma'anshan city
    November 19, 2018
    A new highway link is planned to be built in China’s Ma'anshan city. The 19km link will improve traffic flow between the centre of the city and the Bowang District. Costing US$147 million, the new link will feature dual lanes for traffic in either direction. Construction will be carried out in three separate phases, with work on the first phase expected to commence at the end of 2018 and with tendering due for the second and third phase in due course.
    Read More

Highlighted Content