Chairman Gwadar Port Authority (GPA) Dostain Khan Jamaldini has said that Several Chinese companies have shown keen interest to invest in the oil and refinery sector in the Gwadar. While China has already approved nine projects worth $1.8 billion in a bid to fully develop Gwadar port, he said while talking to APP.
"The Chief Executive Officer of China Overseas Port Holding Company, Zeng Qing Song is in Gwadar for last three days. Issues pertaining to make port fully functional discussed during the course of meeting," he noted. "Five companies of China, keen to invest in Gwadar approached us, he said adding that every day we receive response from the reputable companies willing to initiate work with us in Gwadar," he maintained.
The company holding the control of Gwadar port would invest $775 million, While $1.8 billion would be spent for the expansion of port and development of the Gwadar city. Road linking Gwadar to rest of the cities would complete by 2015, he said adding work on rail track was also underway. Jamaldini has stressed that local population of Gwadar district of Balochistan were the real beneficiaries of the uplift projects underway in the Port City.
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