Latest News:  

English>>Foreign Affairs

Management handover of Gwadar port begins

By Zhao Shengnan  (China Daily)

19:54, February 19, 2013

An agreement was signed in Islamabad on Monday to hand over management of the strategic Gwadar port to a Chinese company, according to Pakistani media.

Observers said the move will boost regional development and should not concern any third country.

Under the agreement, China Overseas Port Holdings Ltd will fully assume the responsibility of the port from Singapore’s PSA International. The port will remain property of Pakistan and the Chinese company will share the profit, The News International reported.

Chinese Ambassador to Pakistan Liu Jian dismissed speculation that China would use the port for military purposes, the Nation newspaper reported on Monday.

Liu also rejected India’s concerns over the handover, saying no third country should have reservations about the bilateral arrangement, which "is in the economic interest of the peoples of China and Pakistan", the newspaper reported.

Experts said the move aims to develop the port region, which has long been dogged by security threats, and strengthen stability in Pakistan, and the move is in line with China’s interests.

China provided about 75 percent of the initial $250 million funding for the construction of the port, which is close to the Pakistan-Iran border and the Strait of Hormuz in Pakistan’s southwestern Baluchistan province. The Pakistani cabinet on Jan 30 approved the transfer of the port because the Singaporean company had not developed the deep-sea port on the Arabian Sea "as desired".

【1】 【2】

We Recommend:

Japan should stay away from China's safety range

Will change of Secretary of State make any difference?

Nuke test gives US 'excuse to boost its military'

How can China make more friends?

Japan's UNESCO bid a new provocation

China refutes ivory protection accusations

Email|Print|Comments(Editor:YaoChun、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Female sailors hold combat positions

  2. Chinese flotilla sets sail on escort missions

  3. Highlights of Madrid Fashion Show

  4. China's weekly story (2013.2.8-2.15)

  5. Beauties at Beijing Film Academy enrollment site

  6. Fact check on Russian meteorite crash

  7. Happy big brother has birthday cake

  8. Chocolate fantasy park offers entertainment

  9. 3D printing reshapes manufacturing

  10. HK Disney's 1st profit since opening

Most Popular


  1. Who cares for the village doctors?
  2. The weakening yen's impact on China
  3. Young climbers aim too high in China
  4. China Focus: Festive traditions disrupt green efforts
  5. Chinese distrust strangers, lack shared values
  6. How to face wrestling's removal from Olympics?

What’s happening in China

Auto-chat app sparks social skills concern: A littile yellow chicken can talk, really?

  1. $16,000 offer for 10-minute swim in polluted river
  2. Paid leave seen as tourism boost
  3. Pressure leaves millions exposed to suicide risk
  4. 5 buried in SW China landslide
  5. Psy attracts 9 million followers on Sina Weibo