Source: www.beltroad-initiative.com
Gwadar Eastbay Expressway is one of the key projects in the development of Gwadar. Chairman Gwadar Development Authority Lt-Gen (retired) Asim Saleem Bajwa said in a tweet that the construction of the project is currently in the last stages and will be completed in October 2021. Analysts believe that the completion of the Gwadar Eastbay Expressway will turn out to be a major rise in the development of the Coastal City that is currently under massive transformation in the wake of the China Pakistan Economic Corridor (CPEC).
Here are some key facts about Gwadar Eastbay Expressway that reflect the significance of the project.
Key facts about Gwadar Eastbay Expressway
- The project was envisaged under the Early Harvest Scheme during the first phase of CPEC.
- The project is a part of a wider $ 1.1 billion development package for the city and Port of Gwadar.
- The overall cost of the project is $ 168 million.
- Gwadar Eastbay Expressway is a six-lane urban motorway.
- The road will connect Gwadar Port with Gwadar Free Trade Zone & Makran Coastal Highway.
- Currently, 92% of construction work has been completed.
Importance of Gwadar Eastbay Expressway
- The Expressway will improve the trading potential of Gwadar Port
Gwadar Eastbay Expressway is aimed at meeting the transportation requirements of the Gwadar Port. Experts say that Gwadar Eastbay Expressway will turn out to be a major step in utilizing the full potential of Gwadar Port for trade, especially the way it will help connect Gwadar Port with Gwadar Free Trade Zone. This will increase the flow of business transactions across the Port. Gwadar Free Trade Zone is currently in the eyes of investors across the globe. In this context, the completion of Gwadar Eastbay Expressway this year will certainly turn out to be a major development.
- The Expressway will connect Gwadar Port with other cities across Pakistan
The significance of Gwadar Eastbay Expressway is further highlighted as it connects Gwadar Port with Makran Coastal Highway, which is a 653 km national highway that extends from Karachi in Sindh to Gwadar in Balochistan. This will certainly pave the way for businesses across Pakistan to capitalize on the rich business potential of Gwadar.
- The Expressway will create a business boom in Gwadar
Completion of Gwadar Eastbay Expressway carries a lot in its lap for the Coastal City. It will not only help Gwadar Port to fully capitalize on its trading potential but will also make Gwadar a hub of investment for businesses across Pakistan.
As a leading stakeholder in the development of Gwadar, Rafi Group is glad to see the rising pace of development in Chinese-backed Smart Port City Gwadar, especially the completion of Gwadar Eastbay Expressway this year. Rafi Group is a renowned land developer that has been serving the real estate sector in Pakistan for the last 42 years with great professionalism under the stewardship of Chairman Imtiaz Rafi Butt. Rafi Group is the pioneer land developer that set up the Green Palms Housing Project in Gwadar with a vision to meet the housing needs in the Coastal City in the wake of China Pakistan Economic Corridor. The housing project is ideally located adjacent to Makran Coastal Highway and has a vast landholding stretching over 1065 acres of land. The housing project has 100% approved NOC from GDA and is currently the largest private housing project in Gwadar that is developing on a fast-track basis. Presently, the housing project offers residential and commercial plots for sale at easy installments. If you or your loved ones are interested in investing in Gwadar property, Green Palms Housing Project is the best option to go with.
For any query vis-à-vis property investment in Gwadar, feel free to get in touch with our team at Rafi Group by calling our Toll free number 0 8000 8000 or via email, Facebook, and Whatsapp. Our representatives are available 24/7 to address all your queries.
