Port Qasim Authority (PQA) and Pakistan International Container Terminal (PICT) plan to develop the $175M “pollution free” Coal, Cement and Clinker Terminal (CCCT) at Port Qasim with handling capacity of 8 mt.
Informed sources said PQA has issued a letter of intent to PICT and the two sides are negotiating the modalities for the terminal.
After that the project would be referred to cabinet committee on investment for approval. “The project is being undertaken under the landlord concept ensuring that it would earn more royalty for PQA with low tariffs at the proposed terminal,”said PQA chairman Asad Qureshi.
CCCT, to be built under a 32-year built-operate-transfer basis, will be able to handle 75,000-dwt ships. Its modern equipment would not create any air pollution, as is the case at the coal terminal at Karachi port.
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