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

  • New East African highway will boost trade and transport
    July 8, 2014
    Plans are in hand in East Africa for a new 1,600km highway that will boost trade and transport in the region. The new road will run from the Kenyan port of Mombasa to Kigali, the capital of Rwanda. The highway will be of particular importance to landlocked Rwanda as it will provide an important new route for trade and transport. The Transport ministries of Kenya and Rwanda will work together on the project, which will also involve the transport ministry in Uganda. The six lane highway will feature sophistic
    Read More
  • Uganda road projects funding sought
    February 6, 2017
    The Ugandan Government has unveiled plans to improve its road connections with its northern neighbour South Sudan. To fund the construction project, the Ugandan Government has been seeking a loan worth US$210 million from the Islamic Development Bank (IDB). The terms of the loan arrangements have yet to be revealed however. The aim of the project is to improve the road link running through Rwekunye, Apac, Lira and Acholibur. Better transport links form part of a much wider programme of integration between E
    Read More
  • Malaysia’s construction boom has peaked, says new Business Monitor report
    October 30, 2013
    Malaysia’s construction boom has reached its peak, according to a new Business Monitor (BM) report on the country’s infrastructure investment. The leading global independent business research data provider’s report states that Malaysia’s construction activity in Q2 2013 represented the lowest pace of expansion since Q4 2011. BM expects this slowdown to intensify, primarily due to falling demand for residential and non-residential buildings, as well as concerns about Malaysia's fiscal position. These concer
    Read More
  • Nova Scotia sets road budget for 2019-20 at US$224 million
    December 20, 2018
    The Canadian province of Nova Scotia will get US$224 million for road upgrades in 2019-20, a boost of $11.2 million over the current period. Lloyd Hines, the province’s transportation and infrastructure renewal minister, said much of the additional funding will be for twinning portions of the province’s 100 series highways, including the 101, 103, 104 and the 107 Sackville-Burnside connector. The plan includes rebuilding and upgrading gravel roads and around $15 million of the money has been earmarked
    Read More

Highlighted Content