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Gwadar Port: China's Strategic Investment or Debt Trap for Pakistan?
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#megaprojects #china #pakistan #gwadarport #beltandroadinitiative
In 2013, Chinese President Xi Jinping announced the Belt and Road Initiative, a massive infrastructure project that would connect China with other parts of Asia, Europe, and Africa. The China-Pakistan Economic Corridor is a key component of this initiative, and Gwadar Port is a critical part of the CPEC.
Welcome to Amazing Projects! In this video we are going to take a closer look at Gwadar Port, a strategic investment by China in Pakistan's future, but also a potential debt trap. Located on the Arabian Sea, Gwadar Port is part of the China-Pakistan Economic Corridor, a massive infrastructure project that aims to connect China with the Middle East and Africa.
Construction of Gwadar Port began in 2002 with the help of Chinese investment. The first phase of the project was completed in 2007, but further development was stalled due to political instability in Pakistan. In 2013, China announced that it would invest $1.62 billion to finish the project, and construction resumed in earnest. The port is now fully operational and has become a key hub for trade between China and Pakistan.
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In 2013, Chinese President Xi Jinping announced the Belt and Road Initiative, a massive infrastructure project that would connect China with other parts of Asia, Europe, and Africa. The China-Pakistan Economic Corridor is a key component of this initiative, and Gwadar Port is a critical part of the CPEC.
Welcome to Amazing Projects! In this video we are going to take a closer look at Gwadar Port, a strategic investment by China in Pakistan's future, but also a potential debt trap. Located on the Arabian Sea, Gwadar Port is part of the China-Pakistan Economic Corridor, a massive infrastructure project that aims to connect China with the Middle East and Africa.
Construction of Gwadar Port began in 2002 with the help of Chinese investment. The first phase of the project was completed in 2007, but further development was stalled due to political instability in Pakistan. In 2013, China announced that it would invest $1.62 billion to finish the project, and construction resumed in earnest. The port is now fully operational and has become a key hub for trade between China and Pakistan.
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