For the first time, Karachi Port Trust (KPT) has agreed to allow a Pakistani shipping line to set up a private container terminal. Subject to the permit being sanctioned by the federal government, Pakistan Maritime Services (PMS) will be able to progress with its proposed US$60 mill investment to redevelop berths 6, 7, 8 and 9 at the East Wharf.
PMS won the 20-year BOT contract after fighting a lengthy court battle to force KPT to recognise the validity of its bid. It also won a deal that will allow it to use two gantry cranes which are to be installed at berths 4 and 5 adjoining its site (see last month's WorldCargo News, p6) ....
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Approx 300 words from WorldCargo News, April 2002,
page 4.
