Press Esc to close
Saturday 26 July 2014
News updated at 4:35 PM IST
Weather
Max: 29.2°C
Min : 20.3°C
In Bangalore
Sunny day

Pak to hand over Gwadar port to China

Islamabad, Jan 31, 2013 PTI:

The Pakistan government on Thursday approved the transfer of the management of the strategic Gwadar deep sea port from Singapore to China, a move that could raise concerns in India.

A meeting of the cabinet chaired by Prime Minister Raja Pervez Ashraf gave its permission for transferring the concession agreement for Gwadar from the Port of Singapore Authority to China Overseas Port Holdings Limited, Information Minister Qamar Zaman Kaira said.

The Chinese developer had played a key role in the construction of the facility in the Arabian Sea.


“The cabinet on Thursday  gave approval to transfer the operation of Gwadar port from Port of Singapore to China Overseas Port Holdings Limited,” Kaira told a news conference.

“Both the companies have settled their deal,” he said, without giving a timetable for the transfer. He said the concession agreement and related government notification would be amended accordingly.

China provided about 75 per cent of the initial funding of $250 million for building the strategic port in the southwestern province of Baluchistan.

It is currently being operated by Singapore’s PSA International but needs further development to become fully operational. Kaira said PSA International could not develop or operate Gwadar “as desired”. The Chinese will make “more investment” to make the port operational, he said.

Kaira hoped the port would soon contribute to Pakistan’s economy under the new management.

Earlier this month, PSA International had indicated that it would withdraw from its contract to manage and develop Gwadar port for a period of 40 years. China, which is Pakistan’s closest ally, had for long been a front-runner for taking over the port.

China recently said it would construct another 20 berths at Gwadar if it was given the rights to operate the port.

Beijing has been working to develop a string of harbours in the Indian Ocean and Arabian Sea, a region traditionally considered an Indian backyard.

China has funded ports in Sri Lanka and has been approached to help build a port in Bangladesh.
Pakistan’s former defence minister Chaudhry Ahmad Mukhtar had said in 2011 that Islamabad would be “grateful” to the Chinese government if naval base was built at Gwadar.

Help to Pakistan


In Beijing, China on Thursday said handing over the port is part of the continued cooperation between the all-weather allies. “China and Pakistan are friendly neighbours. Chinese companies have long been actively participating in Pakistan’s foreign cooperation projects in all fields”, Chinese Foreign Ministry Spokesman Hong Lei told media briefing.

He was replying to a question on Pakistan’s Cabinet decision to permission to allow transfer of concession agreement from Port of Singapore Authority (PSA) to the China Overseas Port Holding Limited (PRC).

Go to Top

Photo Gallery
Actor Akshay Kumar at an event in Gurgaon...

Actor Akshay Kumar at an event in Gurgaon...

Owner of Jaipur Pink Panther Kabaddi Team Abhishek Bachchan during a promotional event...

Owner of Jaipur Pink Panther Kabaddi Team Abhishek Bachchan during a promotional event...

Sand sculpture with a message “Stop War” at Puri beach of Odisha...

Sand sculpture with a message “Stop War” at Puri beach of Odisha...

A villager on his way to collect drinking water wades through flood waters carrying a vessel...

A villager on his way to collect drinking water wades through flood waters carrying a vessel...

Muslims burn a flag of Israel as they protest against Israel's attack on Gaza, after friday...

Muslims burn a flag of Israel as they protest against Israel's attack on Gaza, after friday...

Army jawans lighting lamps at 'Kargil war Wall Memorial' to pay tribute during the celebrations...

Army jawans lighting lamps at 'Kargil war Wall Memorial' to pay tribute during the celebrations...

Ancient passage stairs found during the underground Jaipur Metro train work at Choti Chopad...

Ancient passage stairs found during the underground Jaipur Metro train work at Choti Chopad...

Gold Medalist India's Abhinav Bindra, Silver Medalist Abdullah Baki of Bangladesh...

Gold Medalist India's Abhinav Bindra, Silver Medalist Abdullah Baki of Bangladesh...

A Malaysia Airlines crew member places a flower next to candles forming the letters MH17...

A Malaysia Airlines crew member places a flower next to candles forming the letters MH17...

Boats head out to the mouth of St. Johns River at dawn during the start of the Greater...

Boats head out to the mouth of St. Johns River at dawn during the start of the Greater...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523