Pakistan set to sign 40 years lease for Gwadar port with Chinese company (COPHC)

Pakistan is set to sign a 40 year lease with a Chinese company to develop a special economic zone in Gwadar. The scheme is part of the China-Pakistan Economic Corridor (CPEC), an ambitious $46 billion investment plan linking western China to the Arabian Sea with infrastructure, energy and transport projects and for this purpose, a contract assigning the 2300 acre swathe of tax-exempt land to China Overseas Port Holding Company (COPHC) is likely to b