Investment of Chinese Companies in Gwadar: A Chance to Boost the Economy

February 21, 2023

Investment of Chinese Companies in Gwadar: A Chance to Boost the Economy:

QUETTA: Deputy Commissioner (DC) Gwadar Izzat Nazir Baloch, on 09 February 2023, said that investing Chinese companies in Gawadar is a chance to boost the economic development in Gwadar and the interest of other countries. This investment is attracting Pakistan Railways to build its robust system in Gwadar.
He voiced his views while discussing the proceeding mega projects in Gwadar.
He added that Pakistan Railways Gwadar founded offices, appointed officers and other staff, and designated them with increasing relations with Chinese companies serving in Gwadar Port Authority (GPA), Gwadar Development Authority, Gwadar Port, and Free Zones.
He stated that Pakistan Railways would build its robust system in Gwadar and could benefit from the economic bang here in the future.
Deputy Commissioner Gwadar Izzat Nazir Baloch expressed that from 01 March 2023, Gwadar would get 100 MW of more electricity from Iran.
Soon, God willing, Gwadar will have a 24/7 electricity supply. He declared that adding electricity would promote Gwadar’s industry, tourism, and real estate business in Pakistan.
He communicated that to fulfill the electricity needs of Gwadar, Pakistan’s Government and the government of Iran had signed a contract to provide 100 megawatts of added electricity in June 2022.
He stated that the Central Development Working Party (CDWP) had authorized the 132 KV transmission line from Jiwani to Gwadar last June.
The completion of the construction of the second circuit stringing 132 KV and the transmission line structure from Jiwani to Gwadar (94 km) will be at Rs 2,322.940 million. At the same time, Gwadar depends on imported electricity from Iran, and 132, the construction of the KV line will connect the coastal city to the national grid for the first time, the DC said.

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