China Eximbank provides $32 million concessional loan for Gwadar Port Free Zone and Export Processing Zone Construction Project
Commitment amount
$ 37785744.26747095
Adjusted commitment amount
$ 37785744.27
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Pakistan
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
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.
Number of official sources
6
Number of total sources
9
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Pakistan [Government Agency]
Implementing agencies [Type]
Gwadar Port Authority [State-owned Company]
Government of Pakistan [Government Agency]