Pakistan’s Port Qasim Authority (PQA) received formal government approval on Saturday, October 16, to set up Pakistan’s first modern dry bulk terminal for the handling of coal, clinker and cement at a port in Sindh province, near Karachi, say government officials.
The new port, which is being planned with the help of the private sector, will alleviate congestion at Karachi Port. Pakistan International Bulk Terminal (Private) Limited (PIBT), a subsidiary of Pakistan International Container Terminal Limited (PICT- a private terminal operator in Pakistan), will establish the new port on a 30 year BOT basis at an estimated cost of US$140m by 2011.
Officials of PIBT told CemNet.com that the planned capacity of the project is to handle 8Mta of coal, cement and clinker, which can be increased in future to 12Mt, and added that negotiations have been going on between the company and port authority for finalization of an Implementation Agreement.
Pakistan exported 6.4Mt of cement and clinker in the last financial year 2009-10 (July-June).