ISLAMABAD – Abu Dhabi Ports Pakistan will invest $250 million in Pakistan’s southern Karachi port during the next ten years.
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.
The Abu Dhabi Ports will establish a modern multi-purpose terminal with an investment of $130 million in the period of next two years.
The terminal project includes construction of access control, automatic gates, and berth extension of another 200 meters, crane rail track and other infrastructure, state broadcaster reported.
The terminal will be able to handle cargo ships of up to 120,000 tons as well increase economic activities at the Karachi port.
Speaking on the occasion, PM Shehbaz Sharif said the agreement will not increase transparency but also improve the operations at the port. He said digital technology and modern machinery will be used to improve the operations.
The Prime Minister also directed the railway authorities to provide freight bogies and necessary rolling stock to make the project operational and improve the delivery of goods from the terminal.
