Gwadar Port to be open in five months says Minister
Minister for Ports and Shipping Senator Kamran Michael said yesterday that Gwadar Port is to be made fully functional within the next five months. The minister was speaking at the 3rd International Conference and Exhibition on Shipping, Logistics and Supply Chain Management 2013 and said that around 60% of development work had been completed including the roads infrastructure according to the Associated Press of Pakistan (APP) and other local media.
Gwadar Port, which is situated in South West Pakistan at the entrance to the Gulf of Oman, saw Phase One of its development take place between 2002 and 2006 whilst Phase Two started in 2007. The port is owned by the Government of Pakistan but run by the state-run Chinese firm, China Overseas Port Holding Company (COPHC).
The port is strategically placed between the Gulf region and South-East Asia and as a result has been central to the potential economic growth of the country. The minister also announced that four oil tankers were to be purchased to extend the fleet of the Pakistan National Shipping Corporation (PNSC) to fifteen ships.
In other announcements the minister said that the ship breaking industry was to be moved to a 170 acre site at Port Qasim near Karachi and that a coal plant producing 500 MW of electricity along with a solid waste power production plant producing 600 MW were to be installed near the port.