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East Bay Expressway

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The East Bay Expressway is an 18.9 kilometer long controlled access road what is under construction in Gwadar, Pakistan. The project is expected to be complete by the end of 2018.

The new 6-lane expressway will connect the Gwadar Port to the Makran Coastal Highway, and being developed by the Gwadar Port Authority . The project is being developed as part of the "Early Harvest" scheme of China Pakistan Economic Corridor, and is part of a wider $1.62 billion development package for the city and port of Gwadar.

The cost of the project is approximately $140 million, and will be financed by interest-free loans extended by China's state owned banks. Pakistan will be required only to repay the principal value of the loan. As a condition for receiving a zero-interest rate loan, bidding for the project was limited to Chinese state-owned companies, and the contract was awarded on a government-to-government basis.

References

East Bay Expressway Wikipedia