Voice of America: Pakistani Handover of Gwadar Port to Beijing Draws Scrutiny

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Pakistani Handover of Gwadar Port to Beijing Draws Scrutiny Feb 25th 2013, 22:03 Pakistan recently handed over management of its strategic deepwater Gwadar seaport to China. Both countries insist the deal is a "purely commercial venture." But critics and financial analysts are skeptical about the remote port's economic viability and believe it will be used for military purposes. The Gwadar port lies near the Strait of Hormuz, gateway for about 20 percent of the world's oil. Beijing provided most of the port's initial $250 million construction cost, as part of a ... Media files: D56DCE9C-2CC4-45E6-90D8-ECCC33A11E86_cx0_cy0_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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