Hutchison Ports to increase investment to over $600mn

KARACHI: Hutchison Ports Pakistan has announced an additional investment of $240 million, with their overall investment exceeding $600 million.

invest with imarat

Islamabad’s emerging city centre

Learn More

Briefing on the progress on the progress of Phase-II of the Hutchison Port’s terminal, Hutchison Ports General Manager and Head of Business Unit of Pakistan Syed Rashid Jamil also informed that the company will increase the installed capacity of up to 3.2 million TEUs by 2022 to cater to the containerised cargo at the terminal located at the Karachi Port.

To finalise the deal, a delegation led by Group Managing Director Eric Ip of the Hutchison Port had met Prime Minister Imran Khan in mid-October.

Phase-II of the Hutchison Ports’ terminal is scheduled to be completed in 2021, while additional equipment would be installed by 2022. The terminal will be equipped with remote-controlled ship-to-shore cranes and semi-automated yard cranes.

Furthermore, three internal railway tracks connecting the terminal to the main lines in a public-private partnership with Pakistan Railways will also be developed in the second phase.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Lahore’s Central Business District Completes PKR 9 Billion Smart Road Project

Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…

1 day ago

Chaaye Khana Unveils First-Ever Rooftop Outlet at Amazon Mall with Panoramic Views

ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…

3 days ago

PM Shehbaz Inaugurates Murree Road Underpass Project

ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…

3 days ago

Pakistan Emerges as Prime Investment Destination, Say Real Estate Developers at Dubai Property Show

DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…

4 days ago

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

1 week ago

Citywide Anti-Encroachment Drive to Begin in Karachi

Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…

1 week ago