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ISLAMABAD, Dec 22: The government has decided to give the management control of the Gwadar port to Port of Singapore from next year, a minister said on Friday.
“Today Prime Minister Shaukat Aziz approved a summary to hand over the management of Gwadar port to Port of Singapore,” Ports and Shipping Minister Babar Ghauri told AFP.
“We have formed a committee which will negotiate with Port of Singapore and within 15 days the port would be handed over to them,” Mr Ghauri said.
He said the port was expected to be in operation in March.
Mr Ghauri declined to give details about the financial aspects of the deal.—AFP
