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CRI听力:Chinese Firm Begins Management of Pakistan's Gwadar Port

2015-11-13来源:CRI

A Chinese firm has officially taken control of Pakistan's Gwadar Port free-trade zone.

Under the agreement, China Overseas Holdings Limited will manage the free-trade zone on a 43-year lease.

The formal handover signals the Chinese side's control of all the port's business affairs.

Gwadar port is a deep sea port that sits next to the Strait of Hormuz, the key oil route in and out of the Persian Gulf.

As part of the China-Pakistan Economic Corridor scheme, China plans to make Gwadar a transportation hub by building a 3,000km railway linking Xinjiang, in western China, with Gwadar.

For more on the handover of Gwadar Port, CRI's Tu Yun earlier spoke with Babu Gulab, Chairman of Gwadar District Council.