The Chinese-financed initiative aims to connect the country with Africa, Asia and Europe through a vast network of ports, railways, roads and industrial parks.
But for Pakistan, participating in the project presents an enormous challenge in a country plagued by weak institutions, endemic corruption and a range of insurgencies in areas slated to host the corridor.
“This port is going to help Pakistan make linkages with neighbouring countries. The entire nation will be getting benefits out of Gwadar,” Dostain Khan Jamaldini, chairman of the Gwadar Port Authority, told reporters.
But “the first beneficiaries of this port will be the people of Gwadar”.
The subject of economic dividends is extremely sensitive in resource-rich Balochistan — one of Pakistan’s poorest and most violent provinces, where separatist insurgencies have been waged for decades.
Since the beginning of the project militants have repeatedly attacked construction sites and targeted Chinese workers.
The project includes the country’s first deep-water port, a free-trade zone and 50 kilometres (31 miles) of dock space.
“Gwadar port is not Chinese, our strong partner is Chinese and we appreciate their boldness,” said Jamaldini.
“They came to Gwadar when nobody was accepting the idea to come and visit.”
China has eyed Gwadar for years.
Beijing financed an earlier scheme to develop the port prior to 2007, which was later overseen by a Singaporean group. But following bouts of insecurity, the Singaporeans handed it back to the Chinese in 2013.
The ambitious corridor is also far from popular in the region. India makes no mystery of its reservations over an infrastructure project that crosses through disputed Kashmiri territory.
This month US Defense Secretary Jim Mattis raised concerns about the issue, sparking a fierce backlash in Pakistan and claims Washington was trying to “contain China” in favour of arch-rival India.
Beyond diplomatic concerns, security remains a key issue in Gwadar, according to Brigadier Kamal Azfar, who heads “Brigade 440” — a security outfit created to protect CPEC projects and personnel.
Hostile forces are trying to “scuttle or stall CPEC”, he said in reference to accusations India has backed insurgents hostile to the project.
The area also lacks water and electricity, which developers hope will be remedied by dams and desalination plants outlined in the scheme.
Officials also worry the peninsula will fall victim to real estate speculation. Property prices near the port doubled between 2014 and 2016, said Sajjad Baloch, the director of the Gwadar Development Authority, before falling 20 percent.
And despite promises of future prosperity, skilled labour is lacking, says Mohamed Siddique, who runs a local hospital. Even with modern facilities it operates at a limited capacity because of a dearth of specialists.