KARACHI, Feb 9: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed serious reservation and apprehensions over the proposed deep-water container port being developed by the Karachi Port Trust (KPT) at east of Keamari Groyne at an 'astronomical' cost of $1.5 billion.While levelling serious allegations against the KPT administration over the proposed mega project, the apex trade body has termed it as ill-planned, ill-conceived and non-workable deep-draft container terminal having no direct hinterland connectivity.
The FPCCI feels that there is no justification whatsoever to launch such a mega container terminal with an annual handling capacity of 1.5m Teus because existing terminals of the Karachi Port could be upgraded to easily meet the rapidly growing container traffic for another 20 to 25 years ......
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