In 2013 Gwadar port was acquired by the state-owned China Overseas Port Holdings Limited. The port is said to be strategically important for China as sixty percent of China’s oil comes from the Gulf by ships travelling over 16,000 kilometers in two to three months, confronting pirates, bad weather, political rivals, and other risks up to its only commercial port, Shanghai. Gwadar will reduce the d
istance to a mere 5000 kilometers and also serve round the year. China is providing approximately 80% of the cost of Port in the shape of grants and soft loans Over 500 Chinese workers have worked on the project on a 24 hour basis to complete the port setup. There are still a large number of Chinese workers and engineers working on the project. China has further committed to provide money and resources as and when needed. China is setting up a Dry Port at the Pak-China border to take advantage of a shorter route to sea through Gwadar. China has paid US$360 million to Pakistan for expansion and an upgrade for all weather traffic ability of Karakoram Highway linking Pakistan with China. The contract has been awarded to the Frontier Works Organization, who has also started the project. Feasibility and engineering studies to connect China with Gwadar through the pipeline and railway track has already begun. This railway track also has the significance of being an engineering marvel of the world. Chinese interests
China has a great strategy