Hutchison Port Holdings (HPH) has signed an agreement with Karachi Port Trust to build a new container terminal in Keamari Groyne.
The new terminal will be the first phase of the latest Pakistan Deep Water Container Port in Karachi. HPH was chosen as the winning bidder for the project last month. Karachi New Port Container Terminals, the newly established joint-venture company, will build and manage the new container-handling facility over a concession period of 25 years, extendible for another 25 years.On completion, Karachi New Port Container Terminals will have four berths with a total quay length of 1,500 metres, a yard area of 85 hectares and depths alongside up to 18 metres.
The new terminal is expected to be operational in 2011.
