Independent Report. Islamabad Nov. 05
Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, has directed the immediate release of allocated funds for the M-8 motorway, a critical transport link for Gwadar Port ¹. This move aims to expedite the development of Gwadar Port and Free Zone, a vital component of the China-Pakistan Economic Corridor (CPEC). The project has faced challenges, including funding issues and tensions between Balochistan and Pakistan’s federal government ¹.
*Key Projects in Gwadar:*
– _Gwadar East-Bay Expressway_: Financed by Chinese government interest-free loan, contracted to China Communications Construction Company (CCCC) ¹
– _New Gwadar International Airport_: Financed by Chinese government grant, contracted to CCCC ¹
– _Gwadar Smart Port City Master Plan_: Envisions transforming Gwadar into an economic hub of South Asia with 2 million residents by 2050 ¹
Iqbal’s directive emphasizes the government’s commitment to completing the project, addressing concerns over delays and ensuring investment-friendly policies to promote economic growth in the region.
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