Mechanized Coal, Cement and Clinker Terminal at PQ
TPakistan’s first mechanized Coal, Cement and Clinker Terminal will be built at Port Qasim under a thirty year BOT (build, operate and transfer) arrangement through by a JV consortium comprising Pakistan International Bulk Terminal Ltd., Turkey’s Siyahkalem and Maqbool Associates.
The signing of the Agreement was executed by Sharique A. Siddiqui, CEO, PIBT and Masood Shah, CEO of the JV consortium in the presence of Capt. Haleem A. Siddiqui, Chairman Marine Group of Companies, and Vice Adm. (R) Muhammad Shafi, Chairman Port Qasim Authority.
The terminal would be constructed as a stateof-the-art dirty bulk cargo handling facility at an estimated cost of approximately US $175 million. PIBT has developed an Environment Management Plan (EMP) in compliance with applicable laws and regulations of the country as well as IFC’S Performance standards and World Bank Group Environmental Health and Safety guidelines.
The project is expected to come into operation by the start of 2015 and would be capable of handling up to 12 million tonnes per annum of coal, cement and clinker. The jetty will have a depth of 15 metres with the capability of handling ships of up to 75,000 DWT. The length of the jetty would be around 460 metres which will be connected to a back area of 25 hectares with a 2.5 km long trestle bridge. The terminal is planned to have dedicated storage and handling facilities for each type of cargo i.e. cement, clinker and coal. There will be five silos of 10,000 tonnes capacity each for cement storage.
The PIBT project is in line with the vision of Marine Group of Companies to be the pioneering group of Pakistani entrepreneurs and professionals to set up modern cargo handling infrastructure at Pakistani ports to meet the growing demands of cargo handling in the country.
Project sponsors, the Marine Group of Companies, also have the distinction of setting up the country’s first publicly listed port infrastructure project - Pakistan International Container Terminal Ltd (PICT) - that currently handles around 30 percent of Pakistan’s container throughput.