08-11-2008, 03:47 PM
<b>China invested only $150m on Gwadar Port</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->KARACHI : <b>China, the most trusted friend of the country, constructed the Gwadar Port in 2002 at a cost of 150 million dollars and not 250 million dollars,</b> highly-placed sources told The Post.
This, the sources said, was revealed by an "independent audit" of the deep-water port project which was conducted in 2006 when Islamabad was about to sign an agreement with Port of Singapore Authority (PSA), the Gwadar Port's operator.
<b>"An independent audit revealed that the project was completed at cost of $ 150 million and not $ 250 million," they added.</b><!--QuoteEnd--><!--QuoteEEnd-->
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->