Thursday 8 January 09 - 16:25
 

News Asia

PSA to run Gwadar

PSA has received a letter of intent confirming the build-operatetransfer contract to run the Pakistani port of Gwadar as part of a 40-year concession. Three quarters of the $248m project was financed by China. 

The PSA consortium also includes AKD Securities. The deal brokered with the Pakistani authorities involves a gross revenue sharing model in place of a royalty-based scheme, with PSA committed to set up at least three companies within the port to handle various activities.

Motorship