Source:
https://scmp.com/news/asia/article/1140569/briefs-february-1-2013
Asia

Briefs, February 1, 2013

China will run Gwadar port after deal agreed

ISLAMABAD - Pakistan has approved a deal transferring from Singapore to China the management of the strategically located deep-sea Gwadar port on the Arabian Sea. China financed more than 80 per cent of the US$248 million cost of developing the port, as part of a plan to open an energy and trade corridor from the Gulf to Pakistan and western China. AFP