The Port Qasim Authority (PQA) expects that its development projects will attract foreign investment of US$1.22 billion over five years, the Daily Pak Banker reported.
The PQA said development projects were being undertaken in the private sector on Build Operate Transfer (BOT) basis without costing any penny to the Authority.
Highlighting its projects, the PQA said a liquid cargo terminal, with handling capacity of four million tonnes per annum, had been developed through a joint venture between Felda, Westbury and Qasim (FWQ) at a cost of $15 million.
Soft operations commenced on March 30 while formal commissioning of the terminal is expected shortly.
A second container terminal is being developed by DP World at a cost of $250 million with handling capacity of 1.175 million TEUs per annum.
The terminal is likely to be completed by the end of 2011. Twenty percent work has so far been completed.
The PQA said development projects were being undertaken in the private sector on Build Operate Transfer (BOT) basis without costing any penny to the Authority.
Highlighting its projects, the PQA said a liquid cargo terminal, with handling capacity of four million tonnes per annum, had been developed through a joint venture between Felda, Westbury and Qasim (FWQ) at a cost of $15 million.
Soft operations commenced on March 30 while formal commissioning of the terminal is expected shortly.
A second container terminal is being developed by DP World at a cost of $250 million with handling capacity of 1.175 million TEUs per annum.
The terminal is likely to be completed by the end of 2011. Twenty percent work has so far been completed.