Overview

China Eximbank provides $32 million concessional loan for Gwadar Port Free Zone and Export Processing Zone Construction Project

Commitments (Constant USD, 2023)$34,903,090

Commitment Year•2016Country of Activity•PakistanDirect Recipient Country of Incorporation•PakistanSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2016

Start (actual): Sep 7, 2016

End (actual): Jan 29, 2018

Geospatial footprint

Map overview

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This project is located at Gwadar Port. More detailed locational information can be found at https://www.openstreetmap.org/way/535748639

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Pakistan

Implementing agencies

Government Agencies

Government of Pakistan

State-owned companies

Gwadar Port Authority

Loan description

China Eximbank provides $32 million concessional loan for Gwadar Port Free Zone and Export Processing Zone Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2016, China Eximbank provided a $32 million government concessional loan (GCL) for the Gwadar Port Free Zone and Export Processing Zone Construction Project. The Gwadar Port Free Zone and Export Processing Zone Construction Project involved infrastructure construction around the Gwadar Port and the establishment of an economic free zone. As of November 2018, the following areas had been set aside for this project: 2,280 acres for the Gwadar port free zone; 3,000 acres for the GIEDA industrial zone; and 1,000 acres for the EPZA export processing zone. The Zone is to be operated by China Overseas Port Holding Company (COPHCL). This project was initiated on September 7, 2016 and was was completed and inaugurated on January 29, 2018.