Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Singapore Port Authority kicked out of Gwader
09-03-2012, 02:16 AM
Post: #1
Singapore Port Authority kicked out of Gwader
Islamabad dumps the PSA and signs an agreement with China to run Gwader.

With the Chinese General of the PLA visiting the Lankan port of Humbolta, this announcement takes on added significance for Pakistan and China. The string of Pearls strategy is being pursued agressively and Islamabad is a key component of that strategy.

Gwader holds the key to Central Asia and it is very important for Pakistan and China. With Chimese presence in Gwader the US presence wanes.

Pakistan has suffered from the incompetence of the Singaporian Port Authority and has decided to pull the plug on them. Islamabad has also decided to is transfer operational control of its strategically important Gwadar Port from Singapore’s PSA International to a Chinese company. This was reported in the Financial Times on Friday quoted a minister as saying.

The Pakistani Ports And Shipping Minister Babar Khan Ghauri was quoted as saying that “We have reached an agreement with PSA where they have decided to leave the port at Gwadar. They are in discussions with a possible Chinese investor.”

“There is a decision for PSA to leave and we have given our consent,” said Ghauri, who declined to name the potential Chinese replacement.

Analysts, sources in the military, and Pakistani officials said strategic as well as commercial interests played a part in the dumping the PSA which had promised to spend $80 billion on the port. Beijing’s take over of the port contract “will be a landmark development, both for Pakistan and China..This has great value for China”… “We believe the Chinese may use their presence at Gwadar to lay down a pipeline in future for transporting Middle Eastern oil to western China.”

Pakistan is the only country in the works that has built three ports–two of them from scratch. Gwader is strategically important for the entire region and gives Islamabad total control of the Gulf and the Strait of Hormuz

Gwader is a key port for Pakistan

http://rupeenews.com/2012/09/singapore-p...of-gwader/
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Sindh Building Control Authority Cautions People About Ocean Tower Salman 0 2,481 02-28-2014 01:40 PM
Last Post: Salman
Smile Gawadar Industrial Estate Development Authority Newspaper Ad Salman 0 2,799 02-26-2014 10:16 PM
Last Post: Salman
  Administrators Appointed In Sindh Housing Authority Salman 0 2,300 02-20-2014 01:44 PM
Last Post: Salman
  National Accountability Bureau (NAB) reference against Pakistan Housing Authority CMY 0 2,731 01-25-2014 06:05 AM
Last Post: CMY
  Rawalpindi Development Authority to build 31-storey tower CMY 0 3,565 12-28-2013 08:53 AM
Last Post: CMY
  Federal Govt Decided to Establish Real Estate Regulatory Authority Salman 0 4,612 12-17-2013 01:43 PM
Last Post: Salman
  Walled City Of Lahore Authority Asks For The Approval Of Over Rs 2 Billion Projects Salman 0 12,590 07-01-2013 01:31 PM
Last Post: Salman
  Conservation and restoration: Walled City Authority takes over heritage sites Salman 0 3,232 04-04-2013 02:49 PM
Last Post: Salman
  CM approves budget for Lahore Ring Road Authority Salman 0 4,147 11-05-2012 11:55 AM
Last Post: Salman
  Building Control Authority Punjab cabinet ‘approves’ bill despite flaws Salman 0 3,659 11-02-2012 04:52 PM
Last Post: Salman
  Building Control Authority: Not many takers for Punjab govt’s divisional setup Salman 0 3,085 10-10-2012 11:40 AM
Last Post: Salman
  Singapore port operator on way out of Gwadar LRE 0 3,937 08-11-2012 01:07 AM
Last Post: LRE
  Building authority plan sent for nod Salman 0 2,453 08-06-2012 12:37 PM
Last Post: Salman
  Ishrat for speeding up work on Lyari Development Authority housing schemes Salman 0 4,209 07-25-2012 01:50 PM
Last Post: Salman
  Property dues to be recovered by Karachi Development Authority Salman 0 2,264 04-02-2012 12:46 PM
Last Post: Salman
  KDA workers protest for authority’s restoration Lahore_Real_Estate 0 2,117 01-31-2012 03:33 PM
Last Post: Lahore_Real_Estate
  Pakistan Housing Authority completes 90pc work on FG employees schemes Salman 0 2,524 12-20-2011 12:47 PM
Last Post: Salman
  ILLEGAL HOUSING SCHEMES FALLING IN RAWALPINDI DEVELOPMENT AUTHORITY’S (RDA) JURISDICT Lahore_Real_Estate 0 8,653 02-07-2011 04:39 PM
Last Post: Lahore_Real_Estate
  After BP deal, Jinzhou Port Co. poised to take over Gwader LRE 0 2,066 12-15-2010 07:51 PM
Last Post: LRE
  Rule of LAW: Singapore & Pakistan (Javed Ch) LRE 1 2,546 12-08-2010 01:59 AM
Last Post: LRE

Forum Jump:


User(s) browsing this thread: 1 Guest(s)