Gwadar (Port)
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Saudi Arabia May Invest Billions in Pakistani Port of Gwadar
Pakistani officials confirmed Thursday that Saudi Arabia will make heavy investments in the China Pakistan Economic Corridor (CPEC), a central pillar of China's international Belt and Road Initiative (BRI) of infrastructure projects. “Saudi Arabia is the first country that we have invited to become a third partner in CPEC," said Pakistani minister of information Fawad Chaudhry at a press conference in Islamabad. "Saudi Arabia is expected to bring massive direct investments to the project." Pakistani media pegged the value of the Saudi assistance package at $8 billion, and suggested that the scope of work would include a major petroleum complex at the port of Gwadar. A high-level diplomatic delegation from Riyadh will visit Pakistan in early October to discuss details.
After Djibouti In Africa, China 's Second Foreign Naval Base To Be In Pakistan
China is planning to build its second foreign naval base in Pakistan, according to a South China Morning Post report. Its only other overseas base is in Djibouti in Africa. The new base in Pakistan is most likely to come up near Gwadar, according to Beijing-based military analyst Zhou Chenming "China needs to set up another base in Gwadar for its warships because Gwadar is now a civilian port," the South China Morning Post (SCMP) quoted Chenming as saying. "It's a common practice to have separate facilities for warships and merchant vessels because of their different operations. Merchant ships need a bigger port with a lot of space for warehouses and containers, but warships need a full range of maintenance and logistical support services," Chenming further told the SCMP. Another source, which is close to the People's Liberation Army, has also confirmed the development. "Gwadar port can't provide specific services for warships ... Public order there is in a mess. It is not a good place to carry out military logistical support," the source told the SCMP. The SCMP story came after a report, which appeared on Washington-based website The Daily Caller, a few days ago indicated the same. US Army Reserve colonel Lawrence Sellin (retired) had stated that a consensus was reached in one of the meetings between Chinese and Pakistani military officers that a military base would come up on the Jiwani peninsula near Gwadar and close to the Iranian border. Source : Outlook India
2 Cranes Increased Gwadar Port’s Handling Capacity To 1500 Containers Per Day
The arrival of two more heavy cranes has increased Gwadar Port’s handling capacity to 1500 containers per day. Chairman Gwadar Port Authority Dosteen Jamaldini in a statement in Karachi on Tuesday said the cranes can transfer the containers from ships to berth directly. He said that the port is expected to handle 150 thousand containers in the first year of its working. Source: Radio Pakistan
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