[CPEC] Chinese Government pledges concessional loan for Construction of Breakwaters for Gwadar Port (Linked to Project ID #88743)
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Pakistan
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
In 2015, the Chinese Government pledged to fund the construction of breakwaters for Gwadar Port via grant (see Project ID #88743) and concessional loan (captured in Project ID #52543) financing. The value of each component is unknown. The total project cost was estimated to be around USD 123 million. It is unclear whether a Chinese financial institution ever formally committed to financing this project. This China-Pakistan Economic Corridor (CPEC) project will involve construction of berthing facilities on the eastern side of the existing multi-purpose terminal at Gwadar Port. A 1,200-1,500 km long breakwater will also constructed. It is unclear whether this project ever entered implementation.
Additional details
AidData assumes that this project is related to but distinct from the Gwadar Port Berthing Areas and Channels Dredging Project (see Project #52544) mainly because the cpec.gov.pk website lists two separate project entries for them (see http://cpec.gov.pk/gwader).
Number of official sources
2
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Pakistan [Government Agency]