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International experts to be hired for Lahore Rapid Mass Transit project

FAISALABAD (March 27 2008): A team of two international specialists will be recruited for preparing the Lahore Rapid Mass Transit System, said official sources. They said that the team would work in co-ordination with all interested parties of the Punjab Government and the major development agencies active in the sector.

The team will assist the Punjab Government to review and comment on due diligence report, financial model, regulatory arrangements, transaction structure, draft agreements, pre-qualification and bidding documents, and evaluation report; and facilitate in negotiating with the bidders.

Sources stated that the expected impact of the Project will be the initiation of a long-term transport system investment program that will enable Lahore to make a greater contribution to national development, while improving in the quality of life for the city residents, including the poor. The project outcome will be an investment project design and financing agreed upon by the Government and ADB.

The ADB assistance provides a key intervention of the long-term partnership between ADB and Pakistan for the development of Lahore's transport sector. This project also supports a recruitment of a transaction advisor to help formulate, structure, and take to the market a public-private partnership (PPP) for the first priority line of a proposed rapid mass transit system (RMTS) in Lahore.

The transaction advisory work will also be carried out in three phases: preparation, implementation, and negotiation. During the preparation phase, the transaction advisor will carry out technical and legal due diligence, design the detailed structure and terms of the transaction, market the transaction with potential investors, and develop pre-qualification and bidding documents as well as the necessary contracts.

During the implementation stage, the transaction advisor will assist the Government in obtaining any approvals and permits required, pre-qualifying potential investors, carrying out the bidding process, evaluating proposals, awarding the contract and holding negotiations, with lenders.

Business Recorder [Pakistan's First Financial Daily]
 
Lufthansa stops flights to Karachi

Sunday, March 30, 2008

KARACHI: German airline Lufthansa on Saturday, announced that it was taking out Karachi from its network, just five months after flights were resumed to Frankfurt.

“All Lufthansa flights from Frankfurt to Karachi are cancelled due to lack of capacity,” the airline said in a communiquÈ. “Lufthansa will endeavour to get Karachi on the Lufthansa route map again, as soon as possible.”

The airline has also changed its schedule of Lahore-Frankfurt flights, which will now fly via Muscat after a technical stop for disembarking crew.

“Due to the current situation in Lahore and operational requirements of the airline, Lufthansa has to change the layover of its crew, and therefore, has to reroute its thrice-a-week flights from Frankfurt to Karachi and onto Lahore,” it said, adding that re-routing of Lufthansa’s Pakistan flights is a precautionary measure.

The days of operation, Tuesday, Thursday and Sunday, as well as the aircraft operated, the A300-600, remain the same.

As per the new flight schedule for the Frankfurt-Lahore sector, LH658, the flight leaves Frankfurt at 10:25 and arrives at 20:40 in Lahore. The LH659 flight leaves Lahore at 21:40 and arrives at 23:30 in Muscat for a technical stop, with no possibility to disembark. The flight leaves Muscat at 01:15(+1) and arrives at 06:36 in Frankfurt. The new schedule will be implemented from March 30 until May 29.

Lufthansa passengers of Karachi flights are currently rebooked on alternative routes through Dubai and onto Karachi. “Lufthansa tries to minimise inconveniences for its passengers as far as possible. Latest updates will be communicated immediately by the airline to all concerned.”

The German carrier had resumed flights to Pakistan last October, after a gap of almost nine years, saying the comeback decision was based on an overwhelming potential for passenger growth. It had rolled back its operations in 1998.

Lufthansa stops flights to Karachi
 
Railways to launch Karachi-Peshawar special cargo service

PESHAWAR (April 05 2008): Pakistan Railways is likely to run a special train from Peshawar to Karachi, at least once in a week, to ensure timely supply of export goods. A special security squad will escort the train.

Divisional Superintendent, Pakistan Railways, Abdar Khan and Assistant Traffic Manager, Dry Port, Maryam Gilani, stated this while addressing members of Sarhad Chamber of Commerce & Industry (SCCI) standing committees on railways and dry port. Zia-ul-Haq Sarhadi, who is chairman of both standing committees, presided over the meeting.

Divisional Engineer, Pakistan Railways, Chairman, All Pakistan Commercial Exporters Association (APCEA), Jamshid Khan, Imitaz Ahmed Ali, Nawaz Khan, Khairullah, Asad Bilal, Kamran Ali and Asif were among those who attended the meeting.

In his address of welcome, Zia expressed apprehensions on the PC-1 for the construction of Azakhel Dry Port, lack of facilities at Peshawar Dry Port, lack of shunting engines and shifting of the clearance of goods imported under Afghan Transit Trade (ATT) to Jamrud.

He called for restoration of Export Cargo 328 Down train service and briefed the railway officials on lack of the availability of wagons, theft of the goods brought under ATT, release of special cargo container train, abolition of the contract system of C.R.R and convening of regular meetings of the advisory committees.

Deputy Collector, Customs, Peshawar Dry Port, Arbab Qaiser assured the committee about valuation of the goods at Peshawar bringing it at par with other parts of the country.

In response to the points raised by Sarhadi, Divisional Superintendent told the committee that the PC-1 of the Azakhel Dry Port would be sent to chairman for approval to get nod for the launching of the construction work on the project.

He said that facilities at Peshawar Dryport would be made possible only after release of funds by Trade Development Authority Pakistan (TDAP). However, he said, it would require more funds.

The railway officials assured the resolution of some other problems and initiating of steps in this regard. Sarhadi congratulated Mahtab Ahmad Khan Abbasi on assuming the responsibilities of Federal Minister for Railways and expressed hope that he would utilise his abilities for bringing improvement in the performance of the ministry and giving relief to the business community.

Business Recorder [Pakistan's First Financial Daily]
 
CDGK plans to introduce 500 CNG buses

KARACHI: The City District Government Karachi (CDGK) has initiated a project to introduce CNG buses by July. The Karachi Mass Transit Cell (KMTC) has called local and foreign firms to be a part of the effort, Daily Times learnt on Sunday.

The CNG bus project is backed by the federal government and gives a high mark-up to investors, after a total investment of Rs 4 billion.

City Nazim Syed Mustafa Kamal, during the last two years, promised numerous times that 5,000 CNG buses will be introduced to Karachi roads, but due to a lack of interest from the private sector, the project never took off. A number of terrorism-related incidents in the city last year disrupted law and order and dented investor confidence.

But now the project has picked up and aims to introduce environment-friendly public transport. The number of buses has gone down from 5,000 to 2,500. In its initial phase, to start from July, the city government aims to import the first fleet of 500 CNG buses, while the remaining 2,000 will be introduced in the next five years.

The Mass Transit Cell has identified 40 routes where the first consignment of 500 CNG buses would operate. The routes, which have been given to separate parties, are being called the “green routes.” They cover the whole city, from Gulshan-e-Maymar at Super Highway to Hawkesbay Scheme on Hub River Road in Gadap Town,

Officials in the city government said that invitation from private firms, local or foreign, with experience in the supplying/manufacturing and operating industry will be finalized by the end of June and signed in the first week of July.

The KMTC has also prepared a preliminary report on the current condition of the city’s transport system, mentioning that the city of 16 million people and 1.7 million registered vehicles. “About 90 percent of the workforce uses different modes of public transport, which includes 12,000 vehicles on 254 routes with a considerable overlap,” said the report.

The report also mentioned that most of the buses consist of an ageing fleet in which only 17 percent of the vehicles (3,118) are less than four years old, while 41.7 percent (7,652) are between 5 to 15 years old, 22.5 percent (4,129) between 15 to 24 years old, 18.6 percent (3,417) between 25 to 45 years old and 0.2 percent (34) are between 45 to 65 years old. All these buses contribute considerably to air pollution as well.

Daily Times - Leading News Resource of Pakistan
 
Pakistan and Sri Lanka agree to increase flights: MoU signed

RAWALPINDI (April 10 2008): Pakistan and Sri Lanka have agreed to liberalise their existing Air Services Agreement (ASA) and decided to increase the weekly frequencies allowed to the airlines of each country threefold from five to fourteen.

In this connection, a Memorandum of Understanding (MoU) was singed between the two countries at a meeting held at the Ministry of Defence here on Wednesday.

Pakistan was represented by Additional Secretary-I, Ministry of Defence, Major General Mir Haider Ali Khan at the signing ceremony whereas the Sri Lankan delegation was headed by DT P Collure, Secretary Ministry of Ports and Aviation of Sri Lanka.

The two sides held talks in a cordial and friendly atmosphere and agreed to increase the weekly frequencies allowed to the airlines of each country threefold.

Under the agreement, the designated airlines of Sri Lanka would also operate to Islamabad and Gwadar in addition to Karachi and Lahore. In reciprocity, the designated airlines of Pakistan can also operate the agreed services from any point in Pakistan to Colombo. The designated airlines of both the countries have also been allowed to operate any number of cargo flights with full traffic rights between the two countries.

The two sides also agreed to include new articles on 'Aviation Security' and 'Aviation Safety' in the ASA. The article on designation of airlines was also amended to allow multiple airlines operation. In addition to PIA, Pakistan designated Shaheen Air International and Air Blue to utilise the agreed traffic rights whereas Sri Lankan designated Mihin Lanka (Pvt) Ltd and Expo Aviation (Pvt) Ltd to operate passenger and cargo services respectively, in addition to Sri Lankan Airlines.

Business Recorder [Pakistan's First Financial Daily]
 
Keti Bunder: dredging cost and connectivity

(April 13 2008): The newly elected Prime Minister of Pakistan in his opening speech promised to give nation a new Port Keti Bunder along-with 100 days priority agenda. It is a welcome sign for all Pakistanis in particular for seafaring community and Maritime professionals.

Port Qasim was also conceived in the 70's and it is likely to turn into Industrial Hub Port by 2020.Whilst, Port Qasim is helping the nation but it is seriously effected by silting due to be in the proximity of Indus Delta and South West Monsoon. The annual maintenance dredging cost runs into 1 billion rupees to maintain 11.0 meter draft.

The plans are on way to deepen the port to 14 meter, costing about $140 million. Present annual dredging BOQ is 5 million cubic meter and when dredged further, it is estimated that annual maintenance dredging will be around 10 mill cu meter thus costing in excess of 2-3 billions rupees to maintain the desired depth.

When Port Qasim was conceived ie returning to old medieval site of Indus River Port Dewal, which was conquered by Mohammad in Qasim ( A History of Indus by J.C. Powell, A Voyage on Indus by Alexander Burnes 1831).

The initial planners and hydrographers at the time of conceiving the port faltered and could not rightly estimate the annual maintenance dredging quantum and cost which was far low comparing as of today's 5 per $ per cubic meter and cutter dredging cost of $20/- per cubic meter.

Furthermore channel is 40 km with sharp bends restricting night navigation, when compared to Karachi and Gwadar of 3.5 km, where vessel can berth/sail 24/7/365. Time is money for ships and ship owners of today and economy of scale is the key to profitability, thus deep drafts are required. Non availability of night navigation for deep draft and long channels are considered as dis-advantage in port planning.

It is presumed that planners of Keti Bunder must have studied the geological history of Indus Delta, coastal hydraulic survey, currents, littoral drift, hydraulic model studies, coastal geomorphology, Alexander Burnes surveys of river Indus and earthquake epic centre and geologic structure of indus basin whilst carrying out hydrographic survey, wave patterns, forming of breakers in monsoon and the coast being low and not discernable except at close quarters for the safety of navigation.

Whilst referring to Indus Delta Map Keti bunder is approachable via Hajamaro creek, which runs beyond Ghora Bari. Since no hydrographic and other studies are available which were carried out in last decade, it could be any body's guess that how much dredging will be required to meet today's generation vessels of 14/16 meter draft and thereafter quantum of annual maintenance dredging to maintain the channel.

It is presumed that a proper feasibility by competent hydragraphers and port consultants be carried out evaluating dredging and maintenance cost bearing in mind high cost at port Qasim. The other aspect to be borne in mind is excellent hinter land connectivity before port is built.

We must learn from the experience of Gwadar Port, which is handicapped due to non existent hinterland connectivity. It is imperative that hard core professionals having experience of Port development may be engaged and this assignment of national importance may not be left at the mercy of generalist having no track of maritime faculty.

We must also learn from the experience of dredging cost at Port Qasim and that of our neighbours ie India, Bangladesh and Thailand etc. The Hoogly river has silted Calcutta Port thus forcing development of new port of Haldia at the mouth of Hoogly, Bombay offshore port, Colombo south port, Chittagong offshore port at Juldia, so has been the case in Bangkok, where new Port has been developed at the mouth of the river to cater deep draft vessels of 4th and fifth generation.

The next generation vessels are post panamax needing 16/18 meter depth and futuristic vision is Suezmax, Malaca Max of 21 meter, thus in all probability a site which is prone to heavy siltation being in Indus Delta costing billions in dredging and thereafter incurring annual maintenance dredging cost of billions, may only be considered after hydrographic surveys and financial feasibility to cater deep draft vessels of future.

We, must have more ports to develop the region and to cater our futuristic needs. Port development is a science and all issues have to be addressed professionally to cater the futuristic development in the maritime industry.

India has 12 major ports and 185 small ports and they are investing $15 billion in port sector and $12 Billions in developing quadruple triangle ie logistics connecting all major city's to cater 1 billion tons of Impo/Expo by 2010.

It is a welcome announcement, however a proper latest feasibility be carried out bearing in mind that it may take 10 years to port be operational from the drawing board, thus ships calling after a decade and their specification be bench marked to make a success story for our future generation.

Since a policy statement has been made thus same must be duly supported with credible latest studies, thus it is expected that the democratic government will make all plans public and will consider the views of local expertise available in selection of site.

Needless to mention as per historical fact the Indus River had many ports in the past ie Patala, Debal, Lahori Bunder, Shah Bunder, Gharo, Keti Bunder, Vikar, Daragi and Bambhore, these ports were destroyed due to the ravages of Indus River or by the change of its course, thus we must learn from the history and a very scientific and cautious approach is recommended in selecting the site of new port.

Meantime, we must concentrate to make new commercial port Gwadur fully operational and optimum utilisation of Karachi and Port Qasim. It is equally important to do traffic fore casting and our needs for 25/50 years.

Business Recorder [Pakistan's First Financial Daily]
 
$956 million US funds for infrastructure likely

WASHINGTON, April 18: The United States intends to provide $956 million to Pakistan between 2008 and 2011 as part of a comprehensive plan to expand its engagement with the country from military to civilian sectors.

In its latest report, the US Government Accountability Office noted that if approved, this fund will be used for development, security, capacity building and infrastructure.

The need to enhance US engagement in Pakistan followed a realisation in Washington that the military alone cannot rid the country of terrorism.

The GAO noted that terrorism had spread beyond the tribal areas and was now threatening the entire country. “The terrorist assassination of former prime minister Benazir Bhutto could encourage terrorists to strike the Pakistani establishment anywhere in the country … radical elements now have the potential to undermine Pakistan itself,” the report warned.

The GAO assessment of terrorism threats in Pakistan covers the period from July 2007 through April 2008 and strongly backs the US Embassy’s recommendation that Washington needs to develop a multifaceted approach to deal with terrorism in Pakistan.

The new approach, if approved by the administration and key US government agencies, would constitute the US government’s first attempt to focus more attention on key elements other than military ones to address US counterterrorism goals in Pakistan. These elements include development assistance and public diplomacy, as well as counterinsurgency training, which have not been part of the previous military approach.

The new strategy also calls for greater levels of direct US planning, implementation, coordination and oversight.

But the report noted that “this new approach does not yet constitute a comprehensive plan, and all of the agencies’ individual efforts have not been fully approved in Washington.”

The report also pointed out that such efforts suffer from funding shortfalls, and support by the recently elected government of Pakistan is also uncertain.

The GAO reported that the United State is also supporting Pakistan’s Sustainable Development Plan for the Fata. Pakistan’s plan is a nine-year, $2 billion effort to provide economic development, extend the influence of the Pakistani government and establish security in the Fata.

To assist this effort, the Pentagon undertook a counterinsurgency assessment in the Fata and began developing its Security Development Plan. At the same time, USAID provided technical assistance to the Pakistani government to help formalise its Sustainable Development Plan, as well as to plan USAID-development activities in the Fata.

All development efforts in the Fata will be directly planned, implemented, coordinated and monitored by the US Embassy in Pakistan. As of September 2007, the embassy planned to spend $187.6 million on this initial effort using fiscal year 2007 funds.

Since 2002, the United States relied principally on the military to address US national security goals in Pakistan.

Of the over $10.5 billion that the United States has provided to Pakistan from 2002 through 2007, the GAO identified about $5.8 billion specifically for the Fata and border regions; about 96 per cent of this funding reimbursed Pakistan for military operations in the Fata and the border region.

“There have been limited efforts, however, to address other underlying causes of terrorism in the Fata by providing development assistance or by addressing the Fata’s political needs,” the GAO noted.

$956 million US funds for infrastructure likely -DAWN - Top Stories; April 19, 2008
 
Italy seeks JVs in infrastructure projects

Wednesday, April 23, 2008

ISLAMABAD: Pakistan offers investment opportunities and policies that attract foreign investors, the Italian trade team head said in a meeting with the officials of Infrastructure Project Development Facility (Ministry of Finance), and Investment Division & Board of Investment.

Ambassador of Italy Vinchenzo Parti led the delegation comprising Gerado Carante Diplomatic Counselor ANCE, Bernadino Chiaia Vice Rector Politecnico di Torino, Dr. Gastone Guerrini Guerrini Company, Dr Alberto Regis Cuerrini Pivato Company, Shamsher Alam GM Guerrini Privato Company, and Dr Michele Bulgaro of Verona Expo.

Ambassador of Italy, Vinchenzo Prati said that Italy wants to invest in hydropower generation, railways, roads and infrastructure projects in Pakistan in collaboration with the local companies.

Ahmed Waqar, Secretary Investment Division & Board of Investment welcomed the construction and development industry leaders from Italy and said that in past Italian construction and development firms have been very active in Pakistan, particularly in the water energy infrastructure projects.

Pakistan would again welcome the Italian private sector and have them proactively participate in infrastructure projects in Pakistan.

IPDF Chief Executive Officer Aijaz Ahmad briefed the delegation on the Public Private Partnership framework and the policies for foreign investments in the country’s infrastructure development. He said that presently the IPDF has identified 44 projects worth around $1.4 billion and is focusing on identified projects in fields of airports, seaports, railways, bridges, roads, mass transit system, municipal services and hydropower projects.

Italy seeks JVs in infrastructure projects
 
Lufthansa to fly from Lahore soon

Wednesday, April 23, 2008

LAHORE: The establishment of a democratic set-up has sent a very positive signal to foreign investors and service providers who have now started visiting Pakistan again. The Lahore Chamber of Commerce and Industry is being regularly visited by foreign investors to get information about the possibility of investment and joint ventures.

Taking cue from the growing interest of foreigners, international passenger and goods carrier Lufthansa Airlines has decided to resume its operations from Lahore very soon.

Lufthansa Airlines Country Manager Tobias Ernst disclosed this while talking to LCCI Acting President Mian Muzaffar Ali at the Lahore Chamber on Tuesday.

Ernst said Lufthansa’s resumption of operations would help open up new investment avenues for Pakistan, adding Pakistan was the sixth largest country of the world in terms of population so it had a huge potential for any airline.

Speaking on the occasion, LCCI Acting President Mian Muzaffar Ali termed Lufthansa’s decision a step in the right and desired direction. He said Pakistan’s growing economy, its strategic location as a regional hub and a principal gateway to the Central Asian Republics, its large consumer market, abundant natural resources and liberal and friendly investment policies offered immense opportunities to foreign investors.

He said Lahore as a gateway to India would witness booming business activity as the political government settled down, adding Lufthansa would reap the benefits after resuming its operations in Lahore.

Lufthansa to fly from Lahore soon
 
ADB pledges $6 million for Lahore rapid mass transit system

FAISALABAD (April 29 2008): Asian Development Bank will provide six million dollars from the Asian Development Fund for Lahore rapid mass transit system, while the Punjab government will provide 1.5 million dollars from its resources to launch the second phase of the project, which will be completed and commissioned by December.

According to official sources, the ADB has agreed to provide 150,000 dollars from its Technical Assistance Special Fund to launch the first phase of Lahore rapid mass transit system, which will be completed in July. The ADB sources mentioned that the project, on completion, would improve the Labourites quality of life.

The first phase of the project include project design and financing agreed upon by the Pakistan government and the ADB, detailed structure and terms of the transaction, pre-qualification and bidding documents for transaction, contract award, and negotiations with the lenders.

The ADB sources said that the expected impact of the first phase would be the initiation of a long-term transport system investment programme that would enable Lahore to make a greater contribution to national development. The ADB sources explained that the transaction advisory work would be carried out in the following three phases - preparation, implementation, and negotiation.

During the preparation phase, the transaction advisor would carry out technical and legal aspects, design the detailed structure and terms of the transaction market the transaction with potential investors and develop pre-qualification and bidding documents as well as the necessary contracts.

During the implementation stage, the transaction advisor would assist the government in obtaining any approvals and permits required, pre-qualifying potential investors, carrying out the bidding process, evaluating proposals, awarding the contract and holding negotiations, with the lenders. During the negotiation, the transaction advisor would support the government in winning the bidder to reach financial closure, official sources said.

Business Recorder [Pakistan's First Financial Daily]
 
they have been saying about this lahore mass transit system for years and nothing is done pakistan is too slow when it comes to these things hope they get it moving already.
 
'$100 billion needed for infrastructure-related projects'

ISLAMABAD (May 06 2008): Pakistan needs around $100 billion for meeting infrastructure-related challenges, said Ijaz Ahmed Khan, CEO of Infrastructure Project Development Facility (IPDF), an agency working under Finance Ministry to look for public-private partnership in infrastructure development.

The country needs $22 billion for multipurpose water reservoirs, $20 billion for throw forward of infrastructure projects, $10 billion for maintenance of available resources, $18 billion for energy projects, $16 billion for transport and communication, $4 billion for urban mass transit (Karachi and Lahore metro), $2.5 billion for municipal services and $4 to 5 billion for health and education, physical planning etc, he said.

He was speaking at a workshop on public-private partnership (PPP) and municipal services, organised by IPDF here on Monday. The World Bank infrastructure specialist, Mihaly Kopanyi, said that Pakistan would have to spend 5 to 10 billion dollars to improve supply of drinking water, sanitation and solid waste management in cities. "This is a huge amount, and the government can manage it to a large extent by involving private sector in the development projects," he added.

"Our bank is ready to provide financing, but it will be the private sector investment, which will bail out the government to give better services in urban centers." He said that the WB was working with Pakistani authorities to devise institutional mechanism to improve infrastructure in five major urban centres of Punjab including Lahore, Gujranwala, Multan, Rawalpindi and Faisalabad, with a financial package of $300 million. The institutional mechanism will be put in place by September, 2008.

He said that on the basis of his research done in selected districts of Punjab no reliable data was available to analyse the provision of water, sanitation and solid waste management standards. He criticised the PC-1 exercise, saying that it did not provide complete details about the project.

Ghafoor Mirza, adviser to ministry of finance, said that the government realised the need to fill gaps between the demand and supply in infrastructure projects by involving the private sector.

He said that the government had established IPDF to develop a comprehensive public-private partnership (PPP) program, an important economic reform policy tool, for generating growth and closing gaps between the supply and demand of infrastructure requirements of the country. The main focus of the program is to financially assist and promote sustainable and viable projects by using the potential market forces that deliver critical goods and services to the people at affordable prices, he added.

Earlier, the World Bank's Operations Advisor, Said Al-Hasby, highlighted the importance of public-private partnerships as an integral reform policy tool to fund future infrastructure investment in the country.

Business Recorder [Pakistan's First Financial Daily]
 
Karachi Port ready to accommodate deep-draft vessels

KARACHI (May 09 2008): Karachi Port is poised to accommodate deep-draft vessels, over 12-meter, from next month, Business Recorder learnt on Thursday. As an "opening" the Karachi Port Trust (KPT) is all set to arrange safe docking for a 275-meter long container vessel of 13.6-meter summer draft at Karachi Port on Friday evening for the first time in its ship handling history.

"Arrival of M/v Hyundai Admiral will actually be an opening and deep-draft vessels of over 12 meter draft would start coming at Karachi Port from next month," sources said.

Arrival and berthing of the mammoth ship at Karachi Port is important because the issue of safe docking of a huge vessel, M/v POS Glory, of 76,508dwt and 14-meter draft carrying at least 72,000 metric tonnes Russian wheat at the newly constructed Gwadar Port, had attracted deep apprehensions from experts of ports and shipping and media in March this year.

The Port Singapore Authority, Gwadar Port operator, after being failed to berth the big vessel at its port where draft was not meeting the required level, had to resort to lighterage to ensure safe-wharfage of the 225-meter long ship.

The Karachi Port operator would, what a shipping expert said, accomplish a great job if it succeeded in accommodating the ship, size of which would be far bigger than the one handled at Gwadar Port almost two months ago. Huge vessel would arrive at the newly constructed Berth No-3 of Karachi International Container Terminal (KICT) at around 6:00 pm on Friday, said official sources in KICT.

"The ship has a capacity to carry 4,400 TEUs (twenty-equivalent-units) and will have a dead-weight-tonnage of 61,152," said an official in United Marine Agencies (Pvt) Ltd, which is agent for Hyundai Merchant Marine Co Ltd. Korea, owner of "M/v Hyundai Admiral".

Business Recorder [Pakistan's First Financial Daily]
 
Road network termed source of economic uplift

ISLAMABAD (May 09 2008): Member of National Highway Authority (Operations) Brigadier Shahid Majid (Retd) has termed the road network a fundamental source of economic uplift and national integrity. Establishment of National Trade Corridor (NTC) will pave the way for regional trade connectivity, provincial harmony and all round development of the country.

He was apprising the participants of 88th National Management Course at NHA HQ here on Thursday, says a press release. Rector National School of Public Policy Lieutenant General Javed Hassan (Retd), Chairman NHA Abdul Waheed Khan and the senior officers of the Authority were also present.

Business Recorder [Pakistan's First Financial Daily]
 
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