Pakistan's Port Qasim Authority (PQA) is hoping to attract over $1.22 billion in foreign investment over the next five years for the country's port development projects, reports said.
The projects were being undertaken in the private sector on Build Operate Transfer (BOT) basis without incurring costs to the local authority, it was reported.
PQA highlighted a liquid cargo terminal that has been built through a joint venture at a cost of $15 million.
The terminal has a handling capacity of four million tonnes per year.
Soft operations for the terminal started on March 30 while official commissioning is expected shortly, the report said.
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 year.
The second terminal is scheduled to be completed by the end of 2011. About 20% of construction work has been completed so far.
The projects were being undertaken in the private sector on Build Operate Transfer (BOT) basis without incurring costs to the local authority, it was reported.
PQA highlighted a liquid cargo terminal that has been built through a joint venture at a cost of $15 million.
The terminal has a handling capacity of four million tonnes per year.
Soft operations for the terminal started on March 30 while official commissioning is expected shortly, the report said.
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 year.
The second terminal is scheduled to be completed by the end of 2011. About 20% of construction work has been completed so far.