To sum up, Gwadar Port has become a milestone in China¨CPakistan friendship and has the potential for becoming the future economic and energy regional hub (Anwar 2010). The port can give Chinese strategy significant donor leverage, linkage, control, or even influence in the Middle East, South Asia, and the Indian Ocean (Rakisits 2015).
Who owns Gwadar Port?
In April 2015, Pakistan handed over 40-year operational control rights of the Gwadar Port to Chinese Overseas Port Holdings Ltd. China would invest another US $ 200 million in the port plans and US $ 1.62 billion in railways, roads, and pipelines linking Gwadar to China (Desk 2015).
Why did Gwadar dredging project cost Rs 1 billion?
Officials attributed the cost overruns to the Gwadar Port Authority (GPA) and the Ministry of Maritime Affairs, which had developed the dredging project the previous year at an estimated cost of Rs 1 billion for the delivery and diversion of a few 50,000 DWT cargo ships due to navigational challenges.
Does India have a plan to build Gwadar?
Retrieved 28 May 2016. But India’s additional investment pales in comparison to China’s pledge of $46 billion to develop the Pakistani port of Gwadar, not even 125 miles [200 km] from Chabahar, along with an accompanying network of railways, pipelines, and roads to connect with western China.