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 28^th, 2010.