September 08, 2008

Hutchison to build new container terminal in Pakistan

It is reported that Hong Kong based global port investor and terminal operator Hutchison Port Holdings has signed an agreement with Karachi Port Trust to build and operate a new container terminal. The commissioning is scheduled for 2011.

The proposed terminal will represent the first phase of Pakistan’s deep water container port proposed to be set up at Karachi. It will be complete with four berths with a total quay length of 1,500 meters, a yard area of 85 hectares and a draft of 18 meters at Keamari Groyne.

The new JV Karachi New Port Container Terminals will build and run the facility over a concession period of 25 years, extendable for another 25 years.