This map shows the huge strategic value of Gwadur port, and indeed Pakistan. Inshallah :)
[thumb=E]Pipelineistan2327_9330348.JPG[/thumb]
Daily Jang Reports: 06/18/2004
Rs 7bn for Gwadar port development:
KARACHI: A record amount of Rs7.215 billion has been earmarked for the speedy development of the Gwadar port in the current financial year.
Sources at the Ministry of Communications said that the policy-makers of the country have agreed to install state-of-the-art Gantry Cranes (GC) at the Gwadar Port.
Shipping experts are of the view that without deepening the proposed channel and the installation of the Gantry Cranes, the Gwadar port would turn into a mere junkyard for the shipping industry.
Without installation of the Gantry Cranes, large ships would not prefer to call at the port.
Under the Pak-China agreement, the government’s share would be Rs5,215 million and this record amount has been well protected in the federal budget.
For the on-going project of Gwadar Fish Harbour, an amount of Rs12 million has been provided in the federal project.
So far, a record amount of Rs16.297 billion has been spent on this project but due to the non-promulgation of the requisite laws and regulations the harbour could not come up to the expectations of the policy-makers.
Shipping experts, particularly the Pakistani shipping community, are eagerly awaiting the issuance of rules and regulations for the commercial start of the Gwadar port.
Experts have suggested that the Customs authorities must come up with the earliest establishment of Gwadar Customs House and required notifications so that the shipping community could plan their investments in the area.
According to sources, a separate amount of Rs1 billion has been earmarked for the construction of the export zone and the industrial city.
Great News.
Any updates on this gwadar project? I just saw an ad on Dawn by Hashoo group that they are selling plots of residential land on the coast. The plots are 1000 - 2500 sq. yards, and their prices range from 1.8 million rupees - 5 million rupees. They will help you build your house on that land too, but obviously that would be extra. Any opinions?
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*Originally posted by Jayzee: *
Any updates on this gwadar project? I just saw an ad on Dawn by Hashoo group that they are selling plots of residential land on the coast. The plots are 1000 - 2500 sq. yards, and their prices range from 1.8 million rupees - 5 million rupees. They will help you build your house on that land too, but obviously that would be extra. Any opinions?
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I was seriously considering buying a plot there. The scheme by hashoo group is "Golden Palms". I contacted them and was 80~90% convinced that I should invest in Gwadar. But then I decided against it.
On paper it is a very good scheme . But actually there is nothing there and it will take many years (maybe 20?) for the city to develop. So I don't think it is worth investing in it. Esp with all the uncertainty in that region. Plus Rs 1.8m is too high a price for a piece of barren land 800 miles away from any decent city !!