Chairman Pak-China Economic Corridor (CPEC) Authority Lieutenant General (retd) Asim Saleem Bajwa has said that Gwadar port is fully operational and now the focus is on increasing port traffic.
In Gawadar, Chairman CPEC Authority told the media that the first phase of Gwadar Free Zone covering 60 acres has been completed.
He said that 6 out of 12 factories have been completed while 3 are operational.
The Chairman CPEC Authority said that Free Zone and Port have created 1,200 jobs in the last two and a half years.
With the current structure in place, about 12,000 jobs are expected, he said.
Lieutenant General (retd) Asim Saleem Bajwa said that the second phase of Gwadar Free Zone covers 2,021 acres.
He said that it was being prepared at present and would be inaugurated by Prime Minister Imran Khan in October this year.
Chairman CPEC Authority said that preparations for Phase 2 are in full swing.
He said that today China Port Holding has lined up an investor who needs 1600 acres of land.
Asim Saleem Bajwa said that the investor has hinted at an investment of $3 billion.
He said that according to the investor, the 1600-acre factory will have 30,000 job opportunities.
He said that there are several plans to uplift the city to be built along Gwadar and Free Zone.
The Chairman CPEC Authority said that an expressway is being constructed which will be used for remittance goods and will provide access to M8 and M10.