The Gwadar Eastbay Expressway, a pivotal road infrastructure project valued at $168 million, is set to reach its completion this month, marking a significant milestone for the Coastal City's development. This transformative project falls under the China Pakistan Economic Corridor (CPEC) and is a cornerstone of Gwadar's progress, according to a senior official from the Gwadar Development Authority.
The Gwadar Eastbay Expressway, a pivotal road infrastructure project valued at $168 million, is set to reach its completion this month, marking a significant milestone for the Coastal City's development. This transformative project falls under the China Pakistan Economic Corridor (CPEC) and is a cornerstone of Gwadar's progress, according to a senior official from the Gwadar Development Authority.
Initially conceived during the Early Harvest Scheme of the first CPEC phase, this project is part of a comprehensive $1.1 billion development initiative encompassing the city and Port of Gwadar. The Gwadar Eastbay Expressway is a six-lane urban motorway that will establish a vital link between Gwadar Port, the Gwadar Free Trade Zone, and the Makran Coastal Highway. Remarkably, over 92 percent of the construction work has already been accomplished.
This expressway promises to enhance Gwadar Port's trade potential and address its transportation needs, significantly boosting its role in trade facilitation. Experts in economics and commerce anticipate that the Gwadar Eastbay Expressway will unlock the full potential of Gwadar Port, especially by connecting it with the Gwadar Free Trade Zone.
Dr. Fazl Shah, a senior economist, foresees increased business transactions flowing through the Port, attracting global investors to the Gwadar Free Trade Zone. The impending completion of the Gwadar Eastbay Expressway in the current year is poised to be a game-changer in this context.
Furthermore, the expressway's significance extends beyond Gwadar, as it links the port with other major cities across Pakistan. According to Akram Sheikh, an infrastructure expert at a leading real estate firm, this connection to the Makran Coastal Highway, spanning 653 kilometers from Karachi to Gwadar, will open up new avenues for businesses to tap into Gwadar's immense commercial potential. This development is expected to trigger a business renaissance in Gwadar.
In conclusion, the imminent completion of the Gwadar Eastbay Expressway holds great promise for the Coastal City. It not only positions Gwadar Port to fully harness its trade potential but also solidifies Gwadar's status as a magnet for investment from businesses across Pakistan. This transformative project is set to pave the way for a prosperous future in Gwadar, opening doors to economic growth and connectivity.