Pakistan port leased to Chinese firm for 40 years

PTI
Islamabad, Publish Date: Apr 21 2017 1:31AM | Updated Date: Apr 21 2017 1:31AM
Pakistan port leased to Chinese firm for 40 yearsFile Photo

Pakistan has handed over operations of the Gwadar port to a Chinese company for 40 years, Minister for Ports and Shipping Mir Hasil Khan Bizenjo said on Thursday.

The minister said China Overseas Port Holding Company would carry out all the development work connected to the port, Radio Pakistan reported. It features in the China-Pakistan Economic Corridor (CPEC) plan, and is considered to be a link between the Chinese One Belt, One Road initiative and the Maritime Silk Road project. PTI