Port Qasim cement export terminal closer to realisation
Qasim Authority Chairman Vice Admiral (R) Muhammad Shafi and CEO of Pakistan International Bulk Terminal (PIBT), Sharique A Siddiqui, signed an ’Implementation Agreement’ earlier this month to build a fully-automated coal, cement and clinker terminal (CCCT) at Port Qasim.
The terminal will be established on a build-operate-transfer (BOT) basis for a period of 30 years. The initial project expenditure of US$140m will be disbursed in two phases. The first phase will enable the terminal to handle 4Mta of coal, cement and clinker while the second round will add an extra 4Mta, a company official informed CemNet. Storage capacities will be 0.9Mt, 0.054Mt and 0.036Mt for coal, cement and clinker, respectively. The jetty will have a depth of 15m with a capacity of handling large ships of up to 75,000dwt.
It is expected that the terminal will enter operation in three years’ time. Published under Cement News
