AD Ports Group has announced the signing of a new 25-year concession agreement for bulk and general cargo operations with Karachi Port Trust (KPT), the Pakistani federal govt agency that overseeing the port operations, AD Ports Group stated.
Under the terms of the pact, Karachi Gateway Terminal Multipurpose Limited, a JV between AD Ports Group and Kaheel Terminals, a UAE-based firm, will develop, operate and manage cargo terminal berths 11 to 17 at Karachi Port’s East Wharf.
This agreement builds upon the concession agreement secured by AD Ports Group to develop, operate and manage Karachi Gateway Terminal Limited container terminal berths 6-10 at Karachi Port’s East Wharf in June last year, stated the group in a statement.
In addition to the 800m quay for the container terminal, this new concession grants the JV 1,500 m of additional quay wall for general cargo and bulk operations adjacent to the container terminal and thus gives full operational control of Karachi Port’s East Wharf.
General cargo operations will primarily handle steel, paper and clinker, while the clean bulk terminal will focus on grains and fertilisers, it stated.