FAUJI AKBAR PORTIA MARINE TERMINALS
Fauji Akbar Portia Marine Terminal (Private) Limited (FAP) is a joint venture between Fauji Foundation and Akbar Group of Companies for setting up a state-of-the-art grain and fertilizer marine terminal at Port Bin Qasim, Karachi, on Build, Operate and Transfer (BOT) basis for 30 years. The Implementation Agreement (IA) with Port Qasim Authority (PQA) was signed in September 2007. The Company achieved financial close in July 2008.
The project's estimated cost is USD 121 million with a designed throughput capacity of 4.1 million tons per annum, expandable up to 7 million tons. The terminal will have the capacity of storing 100,000 tons; of grain, fertilizer, oil seeds and rice. The Terminal will be a world class facility incorporating modern equipment and machinery, the first of its kind in Pakistan. Once operational, the Terminal will reduce discharge time of vessels and congestion of ships at Port Qasim significantly. The Terminal will have the capability to handle vessels up to 75,000 DWT.
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