Chinese firms concerned over Gwadar Master Plan approval delay

Published January 21, 2019
Plan, that was completed in Dec 2018, is with planning department, says official. — File photo
Plan, that was completed in Dec 2018, is with planning department, says official. — File photo

GWADAR: Chinese companies, which prepared the Gwadar Master Plan Smart City, have expressed concern over delay in its approval by the federal government.

Sources said that the Gwadar Master Plan Smart City was prepared by China Communication Construction Company Limited and Fourth Harbour Engineering Investigation at a cost of Rs521 million, including a Chinese grant of Rs425m and Rs91m provided by the government of Pakistan.

The sources said the companies had started work on the master plan in August 2017 and completed it in December 2018 and forwarded the plan to the federal government for approval, but it has not been approved so far.

“The plan is with the steering committee of the planning and development department,” a senior official told Dawn in Gwadar.

The governing body of the Gwadar Development Authority had already approved the plan.

“Chinese companies have expressed displeasure over the delay in approval of the plan by the steering committee of the planning and development department and warned the government of Pakistan will have to pay extra cost caused by the delay,” the official said.

He said the delay would also affect other projects.

Published in Dawn, January 21st, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

China’s concerns
23 Jun, 2024

China’s concerns

Pakistan has no option but to neutralise militant threat to Chinese projects, as well as address its business and political stability concerns.
War drums
23 Jun, 2024

War drums

If it is foolish enough to launch another war in Lebanon, Tel Aviv will be solely responsible for setting the Middle East on fire.
Balochistan budget
23 Jun, 2024

Balochistan budget

BALOCHISTAN’S Rs955.6bn budget for the fiscal year 2024-25 makes many pledges to the poor citizens of Pakistan’s...
Another lynching
Updated 22 Jun, 2024

Another lynching

The chilling alternative to not doing anything — which appears to be the state’s preferred option — is the advent of mob rule.
Tax & representation
22 Jun, 2024

Tax & representation

THE taxation measures outlined in the budget for the incoming fiscal year have triggered a lot of concern among ...
Life of the party?
22 Jun, 2024

Life of the party?

THE launch of Awaam Pakistan, a party led by former prime minister Shahid Khaqan Abbasi and former finance minister...