Gwadar East Bay Expressway (Urdu: مشرقی خلیج بزرگرہ, Balochi: دیمی زر بزرگرہ) is a municipal expressway in Gwadar, Balochistan, Pakistan.[1] The six lane expressway was inaugurated by Prime Minister of Pakistan Mian Muhammad Shahbaz Sharif on 3 June 2022. It connects Gwadar Port to the Makran Coastal Highway. The Gwadar Port Authority is supervising the project.[2][3]
The project is developed as part of the "Early Harvest" scheme of China Pakistan Economic Corridor, and is part of a wider Rs. 170.667 billion (US$590 million) development package for the city and Port of Gwadar.[4]
The cost of the project is approximately Rs. 14.7 billion (US$51 million), and will be financed by interest-free loans extended by China's state owned banks.[5] Pakistan will be required only to repay the principal value of the loan. As a condition for receiving a zero-interest rate loan, bidding for the project was limited to Chinese state-owned companies, and the contract was awarded on a government-to-government basis.[6]
^"Gwadar port will soon become a game-changer: Michael". Dawn. 19 May 2016. Retrieved 6 July 2016.
^"Gwadar infrastructure projects to open new avenues of economical opportunities". Customs Today. 2 October 2015. Retrieved 6 July 2016.
^"Gwadar Expressway, Karachi-Lahore Motorway: Chinese Ambassador for early construction". Business Recorder. 6 June 2015. Retrieved 6 July 2016. China is expected to invest USD 1.62 billion in the Gwadar project, including construction of an expressway linking the harbour and coastline, a rail link, breakwater and other nine projects expected to be completed in three to five years, state-run China Daily reported.
^Butt, Naveed (3 September 2015). "ECONOMIC CORRIDOR: CHINA TO EXTEND ASSISTANCE AT 1.6 PERCENT INTEREST RATE". Business Recorder. Archived from the original on 2 January 2017. Retrieved 16 December 2015.
^"Pakistan waives off bidding condition for CPEC projects". The Express Tribune. 14 June 2016. Retrieved 6 July 2016.
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Global Information
Makran Coastal Highway