Deal signed for coal, cement terminal

KARACHI: An agreement was signed on Saturday for the development of the country’s first mechanised and fully automated coal, cement and clinker terminal on a 30-year Build, Operate and Transfer (BOT) basis.

Chairman of Port Qasim Authority (PQA) Vice Admiral M Shafi and Chief Executive Officer of Pakistan International Bulk Terminal Limited (PIBTL) Sharique A Siddiqui signed the implementation agreement.
The terminal construction will cost around $173 million. It is expected to become operational in three years with an initial project cost of $140 million.