ECC approves coal, clinker terminal
Economic Coordination Committee accords approval for setting up coal and clinker terminal at Port Qasim.
KARACHI:
The Economic Coordination Committee (ECC) of the cabinet has accorded approval to Pakistan International Container Terminal Limited (PICT) for setting up a coal and clinker terminal at Port Qasim on build, operate and transfer (BOT) basis.
According to a communique sent to the Karachi Stock Exchange on Wednesday, the signing of an implementation agreement and its schedule will follow in due course.
The planned capacity of the terminal, costing $140 million, would be eight million tons of coal, cement and clinker per annum which can be enhanced to 12 million tons per year.
Pakistan International Bulk Terminal Limited, a wholly-owned subsidiary of PICT, will sign and implement the project.
Published in The Express Tribune, October 28th, 2010.
The Economic Coordination Committee (ECC) of the cabinet has accorded approval to Pakistan International Container Terminal Limited (PICT) for setting up a coal and clinker terminal at Port Qasim on build, operate and transfer (BOT) basis.
According to a communique sent to the Karachi Stock Exchange on Wednesday, the signing of an implementation agreement and its schedule will follow in due course.
The planned capacity of the terminal, costing $140 million, would be eight million tons of coal, cement and clinker per annum which can be enhanced to 12 million tons per year.
Pakistan International Bulk Terminal Limited, a wholly-owned subsidiary of PICT, will sign and implement the project.
Published in The Express Tribune, October 28th, 2010.