Pakistan International Container Terminal (PICT) has informed that Port Qasim Authority (PQA) has conveyed the approval of the ECC of the Cabinet Division to establish coal and clinker/cement terminal at Port Qasim on BOT basis.
In an information sent to Karachi Stock Exchange (KSE), the PICT said that the signing of the implementation agreement and its schedule would follow in due course. The planned capacity of the project is to handle 8 million tones per annum of coal, cement and clinker which is enhanceable up to 12 million tones per annum. The project cost is expected to be $140 million approximately.
The signing of the agreement will be made by Pakistan International Bulk Terminal (Private) Limited (PIBT) which is wholly owned subsidiary of PICT.
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