Portia in Grain and Fertiliser Terminal Development at Port Qasim

Portia has signed a contract with a Pakistani JV Company Fauji Akbar Portia (FAP) to develop a new Grain and Fertiliser Terminal in Port Qasim (Karachi, Pakistan).

Portia will be acting as Technical Advisors to FAP during terminal development. Currently conceptual layout planning is being undertaken and Financial Closure is set for April 2008. A 24-month Construction Phase will be followed by a Management Concession with Portia.