Gwadar: The New Gwadar International Airport (NGIA), a $246 million greenfield airport spanning 4,300 acres, is expected to open in September 2023.

According to an official source, the project’s passenger terminal building will be completed by June 2023, work on air traffic control will be completed by March 2023, and the airport’s entire construction will be completed by September 2023.

Read More: New Gwadar airport on radar again

The airport, which will be owned by a joint venture between Pakistan, Oman, and China, would handle both domestic and international flights and be supervised and operated by the Civil Aviation Authority (CAA) under the open sky policy. The construction of the airport is part of the China-Pakistan Economic Corridor (CPEC), which is a key component of China’s One Belt, One Road (OBOR) programme.

When it is completed in 2022, the airport will be Pakistan’s largest and the country’s second airport capable of accommodating A380 aircraft. It is expected to promote trade between Pakistan and China while also stimulating development in the Gwadar region.

In 2014, the CPEC plan launched the development of the New Gwadar International Airport as an early harvest high-priority project. In January 2015, the Executive Committee of the National Economic Council (ECNEC) authorized it.

Read More: Gwadar new airport to be operational in September of 2023

The project is being funded through a grant agreement signed between China and Pakistan in May 2017. Soil testing on the project site started in January 2018 and involved drilling of 300 boreholes in various locations. The groundbreaking ceremony was held in March 2019, with construction first scheduled to be completed in 2022.

Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City.