KARACHI: Hutchison Ports Pakistan has announced an additional investment of $240 million, with their overall investment exceeding $600 million.
Briefing on the progress on the progress of Phase-II of the Hutchison Port’s terminal, Hutchison Ports General Manager and Head of Business Unit of Pakistan Syed Rashid Jamil also informed that the company will increase the installed capacity of up to 3.2 million TEUs by 2022 to cater to the containerised cargo at the terminal located at the Karachi Port.
To finalise the deal, a delegation led by Group Managing Director Eric Ip of the Hutchison Port had met Prime Minister Imran Khan in mid-October.
Phase-II of the Hutchison Ports’ terminal is scheduled to be completed in 2021, while additional equipment would be installed by 2022. The terminal will be equipped with remote-controlled ship-to-shore cranes and semi-automated yard cranes.
Furthermore, three internal railway tracks connecting the terminal to the main lines in a public-private partnership with Pakistan Railways will also be developed in the second phase.
For news and blogs, visit Graana.com.
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Islamabad: The Federal Board of Revenue (FBR) is preparing to seek approval from the International…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
