China takes over Pakistan port from Singapore

[FarCenter]

China took control Monday of a strategic Pakistani port on the Arabian Sea, as part of a drive to secure energy and maritime routes that also gives it a potential naval base, sparking Indian concern.

The Pakistani cabinet approved the transfer of Gwadar, currently a commercial failure cut off from the national road network, from Singapore's PSA International to the state-owned China company on January 30.

...

The Pakistanis pitched the deal as offering an energy and trade corridor that would connect China to the Arabian Sea and Strait of Hormuz, a gateway for a third of the world's traded oil, overland through an expanded Karakoram Highway.

...

China paid about 75 percent of the initial $250 million used to build the port but in 2007 PSA International won a 40-year operating lease.

Then-ruler Pervez Musharraf was reportedly unwilling to upset Washington by giving control of the port to the Chinese.

http://www.france24.com/en/20130218-china-takes-over-pakistan-port-singapore

[otherone]

1. thanks for the link

clicking now to see if there is a map..