Pakistan News Today: The government of Pakistan has planned to develop its first man-made ‘Chand Tara Island’ in Gawadar. Pakistan News Today: The government of Pakistan has planned to develop its first man-made ‘Chand Tara Island’ in Gawadar. This mega-scale project is estimated to cost around $10 billion.
The Island will look like Chand Tara (signifying the flag of Pakistan) will be a residential area of the Central Business District in Gwadar.
“This master plan is consists of 78 pages. It will be a collaborative effort between Pakistan and China, precisely Pakistan’s government and a Chinese enterprise named China Communications Construction Company.” – Source
The planned Island stretches from the Marine Dive towards Zero Point. Furthermore, Gov. will about to feature this plan artistically which includes an art amusement park, art & culture museum, grand theatre, concert hall, international expo center, hotels, resorts, shopping malls, and waterfront walk and other commercial facilities.
If this plan works accordingly, then there are huge chances that Gawadar will be the next trade and economic hub of Pakistan and South Asia.
Pakistan’s government takes a bold step because, in the long run, Gawadar’s project economy will surpass $30 billion per annum. Due to this project, almost 1.2 million high paid vacancies are expected to open.
Moreover, it will take the per capita income of Gwadar to $15,000 in comparison to the current per capita income of around $1,500.
If everything goes as planned, Gwadar will become the third-largest city of Pakistan by economic output with high-paid jobs, a tax-free environment, high-tech industries, huge shopping malls, man-made islands and the home to the largest international airport of Pakistan.
Additionally, the whole island must be safeguarded with security equipment and it will have a high education center focused on the technology and medical sectors.
In the 9th Joint Coordination Committee (JCC) on CPEC, The Gwadar Smart City master plan has approved by the government of Pakistan. This project will surely bring a huge change in the economy of both Pakistan and China.