Liquid cargo terminal: PQA to sign accord with Malaysian company on December 11

The Port Qasim Authority (PQA) and Malaysia's FWQ will sign an implementation agreement for the establishment of a liquid cargo terminal with Malaysian investors on Saturday, December 11. During his recent visit, Prime Minister Shaukat Aziz has advised the Port Qasim Authority to go for aggressive marketing of the project to attract foreign investors. The PQA has now made a plan and a high-level delegation visited Dubai to invite foreign investors.
The project pertains to the establishment of liquid cargo terminal at the Port Qasim adjacent to Marginal Wharf Berth-1. The terminal shall be built on 30 years, build, operate and transfer (BOT) basis extendable for another period of 30 yeas, subject to terms and conditions of implementation agreement of the project.
The terminal will have the design capacity of handling four million tonnes of liquid cargo per year.
The project shall comprise the state-of-the-art facility for handling vessel tankers up to 35,000 DWT carrying liquid cargo ie. edible oils, molasses and deviates thereof and all other liquid cargoes with the exception of liquid chemicals and petroleum products of all kinds and types (for which EVTL and Fotco terminals have exclusive right of handling at Port Qasim).
The creation of turning basin and required dredging depth alongside the liquid cargo terminal for the prescribed size of vessels will be carried out by the projector sponsors unto a maximum volume of 500,000 cubic meter. The maintenance of required dredged depth alongside the terminal will, however, be responsibility of the projector sponsors.