ISLAMABAD: Abu Dhabi Ports Pakistan will invest $250 million in Pakistan’s southern Karachi port over the next ten years.
As per the details, a delegation of Abu Dhabi Ports Pakistan led by its Chief Executive Officer Khurram Aziz Khan informed Prime Minister Shehbaz Sharif in a meeting on Friday.
Abu Dhabi Ports will establish a modern multipurpose terminal with an investment of $130 million over the next two years.
State broadcaster reported that the terminal project includes access control, automated gates, and the construction of another 200 meters of berth extension, crane rail track and other infrastructure.
The terminal will be able to handle cargo ships of up to 120,000 tonnes as well as boost economic activities at the Karachi port.
Speaking on the occasion, Prime Minister Shehbaz Sharif said that the agreement will not only increase transparency but also improve operations at the port. He said that digital technology and advanced machinery will be used to improve operations.
The prime minister also directed the railway authorities to provide freight coaches and necessary rolling stock to make the project operational and improve the delivery of goods from the terminal.
