Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Gwadar to get Rs 1.722 billion in PSDP 2008-09
06-05-2008, 04:24 PM
Post: #1
Gwadar to get Rs 1.722 billion in PSDP 2008-09
Gwadar to get Rs 1.722 billion in PSDP 2008-09

By Ijaz Kakakhel

ISLAMABAD: Keeping in view the strategic importance of Gwadar Port, the federal government has allocated Rs 1.722 billion for its development in the next fiscal year 2008-09.

In this regard allocations for six ongoing and one new development project has been approved in National Economic Council (NEC) meeting presided by Prime Minister of Pakistan. Total cost of these seven projects relating to development of Gwadar Port is Rs 27.681 billion.

The single new project for Gwadar development is ‘construction, supply and installation of two Pontoons (low-level platforms) at Gwadar Fish Harbour-Mini Port’ worth Rs 33.400 million.

The on-going six projects are: ‘Gwadar Deep Water Port (Phase-I) including deepening of channel worth Rs 16.380 billion’, Gwadar Port Civic Center, Gwadar worth Rs 199.730 million’, ‘Eastbay expressway to link National Road Network, Gwadar with cost of Rs 3.767 billion, ‘Construction of fish landing jetty and allied harbor facilities at Surbandar- East Bay – Gwadar worth Rs 672.674 million’, ‘Construction of fish landing Jetty and allied Harbor Facilities at Pakistan – West Bay Gwadar at Pushukan worth Rs 628.500 million’ and ‘Gwadar - Turbat - Hoshab Section (200 km) of Gwadar – Ratoder Road (650 km) M-9 worth Rs 6 billion’. The government expect that the last project namely, ‘Gwadar - Turbat - Hoshab Section (200 km) of Gwadar – Ratoder Road (650 km) M-9’ will cost Rs 8.533 billion till June 30 2008 and it surpass the actual amount Rs 6 billion total cost of the project. For next fiscal year, the government has allocated Rs 1 billion in the PSDP 2008-09.

The government is expecting that Rs 26.118 billion will be spent on the the six ongoing projects till 20 June.


The government has allocated Rs 200 million in the PSDP 2008-09 for Gwadar Deep Sea Water Port (Phase-I), Rs 38.730 million has been allocated for Gwadar Port Civic Center, Gwadar, Rs 100 million to be provided for East Bay Expressway to Link National Raod Network, Gwadar, Rs 175 million allocated for Construction of Fish Landing Jetty and Allied Harbor Facilities at Surbandar East Bay Gwadar, Rs 175 million has been allocated for Construction of Fish Landing Jetty and Allied Harbor Facilities at Pakistan West Bay Gwadar at Pushukan and Rs 1 billion for Gwadar-Turbat-Hoshab Section (200 km) of Gwadar – Ratoder Road (650 km) M-9.

The Gwadar port project arose from a Sino-Pak agreement signed in March 2002 under which China Harbor Construction Corporation is building the port. Beijing has provided $198 million and Islamabad $50 million.

Gwadar is also visualized as becoming a regional hub, serving commercial traffic to and from the Mid East, the Persian Gulf, and China’s Xinjiang province, Iran, Sri Lanka and Bangladesh. Its location at the mouth of the Persian Gulf and at the opposite end of the strategic choke points of Straits of Hormuz and the Gulf of Oman enhances its strategic importance. Its development could as well favourably influence the geo-strategic environment of the region and have an overall beneficial impact on Pakistan.

Additionally, the port would facilitate efficient exploitation of Pakistan’s exclusive economic zone, which so far has remained largely unexplored. The area is known to be rich in fisheries and if the 600 kilometer long coastal line is fully exploited, it could give a substantial boost to fish and crab exports and promote food-processing industries. Gwadar, lying close to the oil rich Gulf-states, could be a potential source of off–shore gas and oil reserves.

http://www.dailytimes.com.pk/default.asp...008_pg5_13
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Energy, roads to consume much of Rs1.15tr PSDP Salman 0 3,721 06-13-2013 01:19 PM
Last Post: Salman
  Gwadar: Pakistan Can Make $60 Billion Annually! LRE 1 5,756 10-15-2011 12:58 AM
Last Post: LRE
  'Gwadar to play vital role for development': Director Gwadar Naveed Yaseen 1 6,426 09-25-2011 11:56 PM
Last Post: LRE
  Whopping 58pc increase in PSDP Lahore_Real_Estate 0 3,205 06-04-2011 12:08 PM
Last Post: Lahore_Real_Estate
  Gwadar Port Authority paid Rs32m since 2008, NA told Lahore_Real_Estate 0 3,720 09-28-2010 02:54 PM
Last Post: Lahore_Real_Estate
  Gwadar: Rs 150 Billion Required to Connect with Europe via Rail LRE 0 3,233 07-13-2010 12:34 AM
Last Post: LRE
  Reko Diq: $ 40 Billion Earning Out of $ 500 Billion Reserves! LRE 1 7,489 06-30-2010 07:53 PM
Last Post: LRE
  Overseas remittances over $8 billion in ten months, may cross $9.5 billion for year Naveed Yaseen 0 4,711 06-10-2010 11:13 PM
Last Post: Naveed Yaseen
  Gwadar: GDA demands Rs 1.5 Billion for Desalination Plant LRE 1 5,803 05-12-2010 09:58 AM
Last Post: LRE
  India allowed to interview 2008 Mumbai attacks’ planner Lahore_Real_Estate 0 3,438 04-29-2010 10:16 AM
Last Post: Lahore_Real_Estate
  UK interested in Gwadar Port; Delegation Visit Gwadar LRE 2 8,722 04-27-2010 09:51 AM
Last Post: LRE
  UAE Delegate Visits Gwadar: Plans to Invest in Gwadar LRE 1 7,627 03-24-2010 09:58 AM
Last Post: LRE
  708,724 foreign tourists came to Pakistan in 2008-09, NA told LahoreEstate 0 3,362 01-19-2010 10:29 AM
Last Post: LahoreEstate
  Rs6.18 billion for Gwadar airport LahoreEstate 0 2,767 12-19-2009 04:35 AM
Last Post: LahoreEstate
  Telecom sector shows 20% revenue growth in 2008-09’ LahoreEstate 0 3,202 11-21-2009 06:51 AM
Last Post: LahoreEstate
  Not attacking Pakistan in 2001 and 2008 was a mistake: RSS chief Naveed Yaseen 0 3,034 11-06-2009 06:07 AM
Last Post: Naveed Yaseen
  Government fails to achieve first quarter PSDP targets LahoreEstate 0 3,092 10-21-2009 08:54 AM
Last Post: LahoreEstate
  Rs 14.4 billion fraud in Railways, 13.5 billion in Zakat fund: AGP report Naveed Yaseen 0 4,119 10-21-2009 05:30 AM
Last Post: Naveed Yaseen
  Gwadar: Tarin urges action against officials releasing Rs 1 billion without approval Naveed Yaseen 0 3,206 09-10-2009 07:42 AM
Last Post: Naveed Yaseen
  Not too bad after all on economic fronts for year 2008-09 LahoreEstate 0 2,747 08-11-2009 07:55 AM
Last Post: LahoreEstate

Forum Jump:


User(s) browsing this thread: 1 Guest(s)