In total, COPHC has awarded $1.02 billion worth of contracts for expansion of the port. In addition to construction of nine berths and cargo terminals, plans for expanded port infrastructure also include several projects that will be financed by loans extended by Chinese state owned banks. The Gwadar Port dredging project will deepen approach channels to a depth of 14 meters from the current 11.5-meter depth, at a cost of $27 million. Dredging will enable docking of larger ships with a deadweight tonnage of up to 70,000 at Gwadar Port, while current capacity permits a maximum 20,000 DWT. Future plans call for dredging of the harbour to a depth of 20 meters to allow for docking of larger vessels. Also included as part of the CPEC infrastructure development package for port infrastructure is a $130 million breakwater around the port.