Pakistan to set up its first grain and fertilizer terminal at Port Qasim

A bank consortium has signed financial agreements to build Pakistan's first grain and fertiliser terminal at an estimated cost of Rs.6.52 billion (US$92.3 million).

Among the members of the consortium are The National Bank of Pakistan, acting as transaction Lead Advisor and Arranger and Bank Al Falah as Co Arranger.

The Fauji Akbar Portia Marine Terminals (FAP), to be set up at Port Qasim, would be a joint venture between the Fauji Foundation and Akbar Group.

The terminal will be equipped with fully automated un-loaders, silos for grain storage, fertilizer storage, conveying systems and automated bagging lines. Turnaround time of vessels will be reduced and bulk silo storage made available at the Terminal's dedicated jetty and back up area.

Construction of the project, which has gained national priority is expected to be completed in two years.