Federal cabinet gives green signal to special economic zone in Gwadar

[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text]The establishment of federal Special Economic Zone (SEZ) has been approved by the cabinet under Chairmanship of Prime Minister Shahid Khaqan Abbasi at Gwadar and directed the authorities concerned to identify land for procurement in the range of 10,000 to 50,000 acres.nnThe federal government has decided in principle to get maximum land out of total earmarked 100,000 acres for the purpose of establishment of SEZ at the port city of Gwadar.nnThe land has become a hot root keeping in view development plan for Gwadar under the context of China Pakistan Economic Corridor (CPEC).nn“The Gwadar Development Authority (GDA) has been assigned to identify land availability in the area and then efforts will be made to acquire maximum land for federal SEZ”, said the official sources and added that Islamabad wanted to get 50,000 acres of land but different models were under considerations so that perception should not come on the surface that Islamabad was trying to grab land. “The government is working on different models that the sense of ownership should be given to those inherent lands at Gwadar from old generations.”nnIn the second last meeting for the review meeting of CPEC, the minutes of the meeting read out that:n

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1. Gwadar Development Authority (GDA) will identify land for the establishment of Federal SEZ in Gwadar and it should be properly earmarked in Gwadar City Master Plan.

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2. The Board of Investment and GDA will expedite the matter and find a suitable place to ensure implementation of the cabinet decision in this regard.

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3. The government was considering offering landowners for providing the piece of land on equity basis so they could get benefits of SEZs on the long-term basis in the range of next 50 to 99 years of the lease.

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4. When contacted to Federal Minister for Planning Ahsan Iqbal for inquiring about the establishment of federal SEZ at Gwadar, replied that they asked GDA to identify suitable land for this purpose. There was no firm up number yet as it will depend on what GDA is going to offer in terms of availability of land.

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nPakistan and China want to convert Gwadar into a modern port city and its master plan is expected to be finalized after few months by August 2018. However, there is a plan to construct one of the largest international airports at Gwadar of whole Pakistan but it’s designing and financing plan has not yet been finalized between the two countries.nnPakistan and China would be utilizing over $46 billion under CPEC initiative out of which $786 million would be utilized for different development projects at Gwadar.n

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• For the construction of infrastructure for Free Economic Zone & Economic Processing Zones port-related industries will cost $35 million.

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• For Eastbay Expressway project for Gwadar, it would cost $140 million under CPEC initiative. The construction of breakwaters will cost $130 million.

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• The dredging of berthing areas and channels will cost $27 million under CPEC over the next couple of years.

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• In order to establish necessary facilities of fresh water treatment plant at Gwadar will cost $114 million under CPEC over the next few years.

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• One state of the art hospital will be constructed at Gwadar with an estimated cost of $100 million. Both sides also decided to establish technical and vacation institute at Gwadar with the estimated cost of $10 million.

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