Chinese companies warn Pakistan against delay in CPEC project

Chinese companies upset over the delay in the approval of the master plan for the smart port city along the southwestern coastal town of Gwadar, have warned Islamabad that it will have to pay the extra cost caused due to such impediments.

According to media reports, the “Gwadar Smart Port City Master Plan” was prepared by two Chinese companies, China Communication Construction Company Limited and Fourth Harbor Engineering Investigation, at a cost of Rs521 million, including a Chinese grant of Rs425m and Rs91m provided by the government of Pakistan.

The companies had started work on the master plan in August 2017 and completed it in December 2018. Following the completion, the governing body of the Gwadar Development Authority (GDA) had approved the plan and then forwarded it to the federal government for approval.

The government, however, has not yet taken any step for the approval of the plan and it is still pending with the steering committee of the Planning and Development department for further decision.  Read More

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