CTAA: Port of Melbourne hit by congestion following DP World IT issues
NewsThe Port of Melbourne is grappling with landside congestion following IT issues at DP World’s West Swanson Terminal this week.
Framework agreements signed by government officials from Dubai and Pakistan should result in significant improvements in the latter country’s maritime and logistics sectors, potentially resulting in the development of a dedicated freight corridor (DFC) and special economic zone near Pakistan’s largest port Karachi.
DP World will be a major beneficiary of the agreements as it has been nominated by Dubai as its representative in the pact. State-controlled Pakistan Railways and Port Qasim Authority will act on behalf of the Pakistan Government. DP World has had an operating presence in Port Qasim since 1997 and it operates the port’s Qasim International Container Terminal.
The various agreements comprise:
Speaking at the signing ceremony, Sultan Ahmed bin Sulayem, chairman of Ports, Customs and Free Zone Corporation and group chairman and CEO of DP World, said: “Pakistan is a growing market, and an important trade corridor to Central Asia. We are proud to have contributed to its trading ability through our operations at Qasim International Container Terminal and are honoured to work with various Pakistani government organizations to develop new freight systems and with Port Qasim Authority to enhance port connectivity and investment. These will help serve Pakistan’s growing population, forecast to approach 300M in the coming decade, and integrate it further into the wider region.”
Commenting on behalf of the Pakistan Government, HE Shahid Ashraf Tarar, Federal Minister of Communication, Railways and Maritime Affairs, said: “DP World has a long standing proud presence in Pakistan witnessed by mutually rewarding engagements. Building on the unwavering trust and partnership, the two brotherly countries have decided to further consolidate the economic cooperation through landmark projects. The signing of Investment Framework Agreements highlights the importance of Pakistan as gateway to Asia and commercial dividends associated with its strategic location.”
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