1ST phase of Gwadar to be completed by September

Downtown Mall Gulberg Lahore
Downtown Mall
Goldcrest Mall & Residency DHA Phase 4 Lahore
DHA Goldcrest Mall
DHA PentaSquare Phase 5 Lahore Render
DHA Penta Square
DHA Raya
DHA Haly Tower Corporate Offices Shops
DHA Haly Tower

ISLAMABAD: Communication Secretary Iftikhar Rashid on Saturday said the amount of Gwadar Deep Sea Port’s royalty to Balochistan will be decided by the National Finance Commission but only after the port becomes operational.

Addressing a press conference, he said the port’s first phase costing $248 million would be completed by the end of September or early October 2004, ahead of the scheduled completion date of March 2005. Three berths were being constructed in this phase, he said, adding that almost 80 percent of the construction work under the first phase had been completed. He said the second phase would be completed at a cost of $1 billion. He said the Pakistan government was giving $50 million out of the $248 million needed for the first phase. “China is providing the rest,” he added.

Working conditions at Gwadar were difficult and raw materials were not easily available, he said, adding that about 40,000 acres was required for the Gwadar master plan. Seventy percent of the dredging had been completed while 80 percent of the work on the first berth was completed, 40 percent on the second berth and 10 percent on the third berth was completed, he added.

Source: Daily Times

DHA Lahore
DHA Lahore
DHA Peshawar
DHA Peshawar
DHA Quetta
DHA Quetta
DHA Multan Logo
DHA Multan
DHA Gujranwala Logo
DHA Gujranwala
DHA Bahawalpur
DHA Bahawalpur

Property Buying & Selling was never easy before, simply connect with our WhatsApp Hotline for absolutely free property consultancy. Please save this number +923111042111 in your contact list to get regular updates from us, otherwise you will not receive any update.

Subscribe to our YouTube Channel for latest videos abuout Pakistan Property including DHA Lahore, Peshawar, Quetta, Multan, Gujranwala & Bahawalpur. Also Naval Anchorage Gwadar, New Tonw, Sangar, BECHS, FTBA, Creek City, Golden Palm, GDA 5, Muscat Center and many other projects in Pakistan.

Join eProperty Telegram Groups for Latest DHA Files Rate and News Update
1ST phase of Gwadar to be completed by September
Scroll to top
WhatsApp WhatsApp Hotline +923111042111