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Development of Free Zone
Project Objective
This project will aim at creating backup port industry for Gwadar Port.
Project Description
Project Title: Infrastructure Development for Free Zone & EPZs, Gwadar
At present following areas have been allocated as free zone and export processing zones in the industrial locations of Gwadar. Pieces of lands have already been earmarked/acquired for the purpose:
Gwadar port free zone: 2,280 acres
GIEDA industrial zone: 3,000 acres
EPZA export processing zone: 1,000 acres
Infrastructure is required to be developed for these industrial zones, for example, access roads, internal roads, water, gas, power, custom facilities, fencing, security, some warehouses, office and other allied infrastructure, etc.
Proposing Agency: Gwadar Port Authority, MoPS
Location
Gwadar district, Balochistan
Province
Balochistan
Estimated Cost (US $ Million)
32
Executing Company / Sponsors
GPA, GIEDA, and EPZA Or any Financial Framework Agreement under CPEC
Financing
Chinese Government Concessional Loan
Supervising Agency
Ministry of Ports & Shipping, Government of Pakistan and Ministry of Commerce
Project Progress Update
Tax exemptions for port and Free Zone notified in Finance Bill 2016
Ground breaking done by the Prime Minister
100% private Investment inside Free Zone. To be operated by COPHCL
1st phase completed and inagurated in January 2018
Significant progress and response from investors
Gwadar Free Zone investment guide line published
First Gwadar Expo was held in January 2018
A number of industries to start construction work in soon