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HPH nets new Karachi contract
13 Feb 2008
Karachi Port Trust (KPT) has awarded Hutchison Port Holdings a 25-year concession to establish the new Pakistan Deepwater Container Port at east Kearnari Groyne.
The $1bn cost of the project is being met partially by foreign investment ($457m), with the balance being provided by KPT. The terminal will have 10 berths and is expected to open in 2010.
At another HPH Asian investment, Jakarta International Container Terminal is committing $150m in a bid
to expand capacity to over 3m teu.
The project, scheduled to begin in March, will see new equipment procured, access roads improved and 12.4 hectares developed to enhance storage capacity.
Located at Tanjung Priok north of Jakarta, the jointly owned terminal –
Hutchison Port Holdings Group has 51% and state-owned PT Pelabuhan Indonesia
II holds 48.9% –
is forecast to handle over 2m teu this year, up from 1.8m teu
in 2007.
