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- Operations
- Pakistan International Container Terminal
Pakistan International Container Terminal
Pakistan
Borrower | Pakistan International Container Terminal |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Transportation |
Approved | 16.04.2003 |
Signed | 30.05.2003 |
Status | Completed |
Loan Administrator | OPEC Fund |
Co-financiers | IFC, IFC, Equity |
OPEC Fund Contribution (US$m) | 7.75 |
The loan provided by the Fund forms part of a total financing package of US$29.2m for six gantry cranes together with civil works and supporting equipment at Karachi Port. The project is the first phase of a three-part agreement with the Karachi Port Trust for the development of a common user container terminal at a total cost of US$82 million. On completion, the project will improve cargo handling efficiency at the port, stimulate trade, and benefit port users including shipping lines, importers and exporters through lower transport costs and higher service levels.