Government to enhance Gwadar port Scope

China-Pakistan Economic Corridor, Gwadar,

KARACHI: the govt is seeking a far off developer to upgrade berthing facilities at Gwadar port after it resumed Afghan transit trade through the port that lies at the nexus of Chinese-funded economic corridor project, it had been learned on Friday.

Gwadar Port Authority (GPA) floated international tenders for the up-gradation of berthing facilities, supply, and installation of a floating jetty and cranes at the port. 

The bids were from firms for supply and installation of kit for the safety of navigation.

Pakistan’s southwestern Balochistan province, housing the port, is an integral part of the Chinese belt-and-road initiative envisaging infrastructure development in 70 countries. 

Under the China-Pakistan Economic Corridor project, the port due to its proximity to the Chinese province is to be used as a trade spot between Asia and other parts of the planet.

Gwadar port has an existing capacity to handle 50,000 deadweight tonnage bulk carriers at the speed of 12.5-meter maximum depth. 

The port has three multipurpose berths and every one is 200 meters long.

“Given the expected rapid climb in demand for port capacity, the authority continues expanding the capacity of Gwadar port,” said a politician document.

Gwadar port is being developed at a value of about $600 million. 

Additional three berths are going to be constructed in two years, consistent with the document.

Traffic at Gwadar port is predicted to extend after the government allowed transit trade imports, both containerized and bulk, for onward transportation to Afghanistan.

The government is additionally streamlining the regulatory framework associated with transit trade to expand its scope across the land-locked Central Asian states. 

Pakistan and Afghanistan have reached an understanding of the broad parameters of Afghan exports to Pakistan and India and therefore the use of Afghan territory for Pakistan’s exports to the central Asian states.

Currently, Pakistan has two main operating international deep-sea ports: Karachi Port and Port Qasim. 

Their capacity expansion programs are unable to stay pace with the expected growth in demand, leading to a requirement for a 3rd port to fill the gap. 

The Gwadar port has been operational since March 2018, and it had been opened for the Afghan transit trade in October last year. 

The primary ship carrying containers for Afghan transit trade docked at the port on January 14 this year.

The transshipment activity will devour as other businesses gain pace within the free zones. 

Nine industries are already being found out within the Gwadar free port. The Gwadar deep-sea port is CPEC’s start line. 

it's also considered to be the most cost-effective route for imports and exports to and from China and therefore the Central Asian countries. 

The port provides a way shorter and cheap route to ship oil and gas from the center East and minerals from Africa to those destinations.

Government to enhance Gwadar port Scope Government to enhance Gwadar port Scope Reviewed by Muhammad Akram on July 16, 2020 Rating: 5

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