PSA to run Gwadar
01 Mar 2007
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.






