BR100 Decreased By (-0.58%)
BR30 Decreased By (-0.63%)
KSE100 Decreased By (-0.56%)
KSE30 Decreased By (-0.43%)
AGHA 7.74 Decreased By ▼ -0.18 (-2.27%)
BECO 5.15 Decreased By ▼ -0.05 (-0.96%)
BML 57.20 Decreased By ▼ -2.05 (-3.46%)
BOP 33.35 Decreased By ▼ -0.33 (-0.98%)
CNERGY 10.17 Increased By ▲ 0.36 (3.67%)
CSIL 5.22 Decreased By ▼ -0.20 (-3.69%)
FCCL 53.00 Decreased By ▼ -0.52 (-0.97%)
FFL 16.37 Decreased By ▼ -0.31 (-1.86%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 7.19 Decreased By ▼ -0.16 (-2.18%)
KOSM 5.56 Decreased By ▼ -0.05 (-0.89%)
LOTCHEM 28.66 Decreased By ▼ -0.45 (-1.55%)
MLCF 93.55 Decreased By ▼ -1.95 (-2.04%)
NBP 201.70 Decreased By ▼ -2.65 (-1.3%)
NCPL 56.35 Decreased By ▼ -1.89 (-3.25%)
NPL 66.25 Decreased By ▼ -1.54 (-2.27%)
OGDC 317.40 Decreased By ▼ -0.54 (-0.17%)
PACE 10.57 Decreased By ▼ -0.14 (-1.31%)
PAEL 40.86 Decreased By ▼ -0.97 (-2.32%)
PIBTL 16.24 Decreased By ▼ -0.26 (-1.58%)
PPL 220.99 Increased By ▲ 1.25 (0.57%)
PRL 47.95 Increased By ▲ 3.36 (7.54%)
PTC 69.40 Decreased By ▼ -1.37 (-1.94%)
SSGC 28.30 Decreased By ▼ -0.63 (-2.18%)
TBL 9.72 Decreased By ▼ -0.12 (-1.22%)
TELE 8.61 Decreased By ▼ -0.15 (-1.71%)
TPL 16.55 Increased By ▲ 0.10 (0.61%)
TPLP 12.22 Increased By ▲ 0.12 (0.99%)
TREET 22.40 Decreased By ▼ -0.40 (-1.75%)
TRG 58.84 Decreased By ▼ -1.19 (-1.98%)
By

KARACHI: The New Gwadar International Airport (NGIA), the $ 246 m green field airport being built at an area of 4,300 acres would be operational by September 2023. According to an official source, the passenger terminal building of the project would be completed by June 2023; work related to air traffic control by March 2023, while the overall construction of the airport would be finished before September 2023.

The NGIA was being managed and operated by Civil Aviation Authority (CAA). To be owned by a joint venture between Pakistan, Oman, and China, the airport would handle domestic and international operations. The airport development is a part of China-Pakistan Economic Corridor (CPEC) development, which was a cornerstone of China’s One Belt One Road (OBOR) initiative.

The biggest in Pakistan and would also become the nation’s second airport capable of handling A380 aircraft upon its commissioning in 2022. It was expected to stimulate the development in Gwadar peninsula and boost trade between Pakistan and China. The airport would be operated under open sky policy and developed under the guidance of the Civil Aviation Authority (CAA). The NGIA project was initiated as an early harvest high-priority project of the CPEC programme in 2014.

It was approved by the Executive Committee of National Economic Council (ECNEC) in January 2015. The project was being funded through a grant agreement signed between China and Pakistan in May 2017.

Comments

Comments are closed for this article.