China-Pakistan Economic Corridor (CPEC) Authority Chairman retired Lt Gen Asim Saleem Bajwa said on Monday claimed that after coming to operations, Gwadar Port and Gwadar Free Zone (GFZ) would generate economic activities of around $10 billion per year, along with creating thousands of new jobs.
“Soon after the completion of GFZ, a lot of manufacturing and trading activities will start, cargoes will move, and transshipment activities will increase,” Mr. Bajwa said while talking to the media here after reviewing the Gwadar Port and other projects under CPEC. “We will continue to monitor the development work in Gwadar till all projects become fully operational,” Mr. Bajwa said. The port’s infrastructural work has been completed by the China Port Holding Company at a cost of around $300 million and all four berths are fully operational.
According to officials, during the last few months, over 67,000 tonnes of cargo had been handled at the port, comprising consignments mostly under the Afghan Transit Trade Agreement which were later transported to Afghanistan.
A vessel carrying 8,000 cubic feet of liquefied petroleum gas is due at the port on Tuesday while another ship with 24,000 tonnes of diammonium phosphate fertilizer and feed cargo for Afghanistan would arrive here from Australia, he added.