Port Qasim: Who Is Gambling With Pakistan’s Energy Lifeline?
Which maritime genius came up with this one? Port Qasim Authority (PQA) has floated tenders for a project called "Sea to Steel", proposing a shipbreaking yard and steel plant at the old Iron Ore and Coal Berth (IOCB). The concession is structured as a 30-year Build, Operate and Transfer (BOT) arrangement, potentially extendable to 60 years. The project is being marketed as a world-class green ship recycling facility. Having served...
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