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20 April 2018 The on-line newspaper devoted to the world of transports 01:06 GMT+2

May 21, 2012

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Original news
The management of the Pakistani port of Gwadar will pass to China

Group PSA of Singapore and Pakistanis AKD and NCL would be about to yield the respective quotas

Terminalista group PSA of Singapore and the Pakistanis Aqeel Kareem Dedhi (AKD) and National Logistic Cell (NCL) would be about to yield to the Chinese government the management of the Pakistani port of Gwadar, that they operate through joint venture PSA Gwadar International Terminals of which they stop respective 60%, 20% and 20% of the capital. The Pakistani daily paper "The has announced yesterday International News" specifying that the relative agreement with a Chinese delegation will be signed by the end of this month.

PSA Gwadar has obtained the management of the port of Gwadar for the duration 40-year-old at the beginning of 2007, when the construction of the port of call (of 24 January and 6 February 2007 is completed). The port is inaugurated 15 March 2008 with the arrival of the first ship ( of 26 March 2008). However the Pakistani port of call still has not become totally operating.

According to how much asserted from "The International News", it is group PSA that the Pakistani government would not have respected the engagements established from the concession contract, that it previews the application of penalty in case of revocation of the agreement of an amount pairs to the double quantity of the value of the investment. The daily paper has specified that, in order not to incur in the penalties, both the parts were reluctant to cancel the contract and the issue will be resolved with a transfer of the quotas the society that manages the port to Chinese interests.

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