A signing ceremony for the joint operation agreement of Pak-China Technical and Vocational Institute (PCT & VI), built under CPEC, was held in the presentation hall of China Business Center in Gwadar Free Zone.
The tetra-partite agreement was signed by representatives from Gwadar Port Authority, University of Gwadar, Shandong Institute of Commerce and Technology, China, and China Overseas Ports Holding Company.
The event was attended by students, and professionals from all walks of life. According to the agreement, the four parties will be collectively responsible for the operation and management of the institute. For this purpose, an executive body will be formed for policy making and implementation.
PCT & VI is one of the many grant projects initiated in Gwadar by China. The mega-project was completed at a cost of $10 million and handed over to Gwadar Port Authority in September 2021. This project, among the many other livelihood support programs undertaken by the Government of China, is widely supported by the local people of Gwadar.