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

Short-changed?
Updated 24 Nov, 2024

Short-changed?

As nations continue to argue, the international community must recognise that climate finance is not merely about numbers.
Overblown ‘threat’
24 Nov, 2024

Overblown ‘threat’

ON the eve of the PTI’s ‘do or die’ protest in the federal capital, there seemed to be little evidence of the...
Exclusive politics
24 Nov, 2024

Exclusive politics

THERE has been a gradual erasure of the voices of most marginalised groups from Pakistan’s mainstream political...
Counterterrorism plan
Updated 23 Nov, 2024

Counterterrorism plan

Lacunae in our counterterrorism efforts need to be plugged quickly.
Bullish stock market
23 Nov, 2024

Bullish stock market

NORMALLY, stock markets rise gradually. In recent months, however, Pakistan’s stock market has soared to one ...
Political misstep
Updated 23 Nov, 2024

Political misstep

To drag a critical ally like Saudi Arabia into unfounded conspiracies is detrimental to Pakistan’s foreign policy.