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[CPEC] Chinese Government pledges concessional loan for Construction of Breakwaters for Gwadar Port (Linked to Record ID#88743)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Pakistan |
| Country | Pakistan |
| Start Date | Jan 01, 2015 |
| End Date | May 19, 2026 |
| Duration | 4,156 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 52543 |
Grant Description
[CPEC] Chinese Government pledges concessional loan for Construction of Breakwaters for Gwadar Port In 2015, the Chinese Government pledged to fund the construction of breakwaters for Gwadar Port via grant (see Record ID#88743) and concessional loan (captured in Record ID#52543) financing. The value of each component is unknown.
The total project cost was estimated to be around USD 123 million. It is unclear whether a Chinese financial institution ever formally committed to financing this project.
This China-Pakistan Economic Corridor (CPEC) project will involve construction of berthing facilities on the eastern side of the existing multi-purpose terminal at Gwadar Port. A 1,200-1,500 km long breakwater will also constructed. It is unclear whether this project ever entered implementation.
As of July 2022, the project is under investigation by the Chairman Prime Minister's Inspection Team with assistance from the Ministry of Maritime Affairs, Planning, Development and Special Initiatives and Economic Affairs to understand why the project has been delayed despite committed Chinese financing.
The preparation of PC-1 is under process with Ministry of Maritime Affairs.
Staff Comments
AidData assumes that this project is related to but distinct from the Gwadar Port Berthing Areas and Channels Dredging Project (see Project #52544) mainly because the cpec.gov.pk website lists two separate project entries for them (see http://cpec.gov.pk/gwader).
Sources & References
- BRI Factsheet Series – Construction of Breakwaters
- Gwadar Port
- Gwadar Port Breakwater (Construction)
- Construction Of Breakwaters
- Chinese and Pakistani authorities take stock of Gwadar progress
- Gwadar Port
- Construction of Breakwaters
- Gwadar Sea Port
- Gwadar Sea Port, 2016 Government of Pakistan Bond Prospectus
- The Politics of Interdependence: A Case of China-Pakistan Economic Corridor
- Gwadar Free Zone: Irked by rupee slide
- Chinese for accounts in RMB Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Pakistan
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