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The Karachi Gateway Terminal Ltd (KGTL) is planning up to $100 million in new investment within five years as Pakistan tries to cut freight costs and turn a cargo surge triggered by the Iran war into longer-term regional shipping gains.
KGTL, backed by Abu Dhabi Ports Group, has already completed a $60m dredging project at Karachi Port and is expanding container and bulk-handling facilities, Chief Executive Officer (CEO) Khurram Aziz Khan told Reuters in an interview.
“We are targeting another $75 million to $100 million” within five years, Khan said, adding that the next phase would focus on expanding the container terminal, enhancing yard capacity, larger ship and yard cranes, dedicated bulk export infrastructure, silos, warehouses and automated conveying.
KGTL is also exploring investment in rail freight, including locomotives, rolling stock and storage hubs near agricultural areas, to link those areas to ports and help Pakistan export products such as corn and rice more competitively, he said.
