Gwadar to lose out to Chabahar
PSA has failed to implement its plan to have Pakistans Gwadar port fully operational by 2008, which has prompted a port authority official to suggest that the Iranian port of Chabahar may overtake Gwadar in becoming the hub port for the landlocked Central Asian states. For its part, PSA says the government has reneged on commitments to provide basic infrastructure, such as road and rail links, which has slowed development.
This is despite the fact that majority partner MMC Corporation has been given permission to negotiate a possible sale of one fifth of its holding to foreign investors.