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Karachi Gateway Terminal (Private) Limited - KGTL, operates under a 50-year concession to operate a container terminal at berths 6-10 on the East Wharf of Karachi Port. KGTL is a joint venture firm of AD Ports Group as a major investor and Kaheel Terminals. [18]
KGTL operates a container terminal on berths 6-10 on the East Wharf of Karachi Port under a 50-year concession. [18] KGTL paid $50 million to Karachi Port Trust on April 22 2024 as upfront payment. [ 19 ] [ 20 ] [ 21 ] Of this upfront payment $25 million are for concession fee and the remaining $25 million are advance payment for use of the ...
Pakistan International Container Terminal (PICT) was established in 2002 on build–operate–transfer basis. [2] It was a joint venture between Premier Mercantile Services and Hamburg Port. [1] The total cost of the project was estimated at $75 million out of which $9.25 million was funded by the International Finance Corporation in form of loans.
Containers at the Karachi International Container Terminal at the Port of Karachi. Aerial view of Gwadar harbour, showing the international port in the background and the fishing harbour in the foreground. All seaports in Pakistan are maintained and governed by the Ministry of Maritime Affairs of the Government of Pakistan. The three largest ...
Karachi Gateway Terminal (Private) Limited (KGTL) operates a container terminal port at berths 6-10 on the East Wharf of Karachi Port. [7] The 50-years term concession was signed between AD Ports Group - majority shareholder in KGTL - and Karachi Port Trust. KGTL will grow the container handling capacity to 1 million TEUs per annum.
KARACHI, Pakistan (Reuters) -Fishermen protesting their lack of access to some waters ended a 34-hour-long blockade of Karachi port - Pakistan's busiest - on Wednesday night after talks with the ...
In 2023 and 2024, AD Ports Group strategically expanded its footprint to South Asia with the signing of major concession agreements with Pakistan to operate deep-sea terminals at the Port of Karachi. The concessions cover the operation of a container terminal under a 50-year term and a bulk and general cargo terminal under a 25-year term ...
Jakarta International Container Terminal: Joint Venture (51%) Jakarta: Terminal Petikemas Koja: Subsidiary Karachi: Pakistan: Karachi International Container Terminal: Karachi: South Asia Pakistan Terminal: Gdynia: Poland: Gdynia Container Terminal: Taranto: Italy: Taranto Container Terminal S.p.A. Joint venture (50%) [23] Busan: South Korea ...