KARACHI, Dec 14 Asia Pulse - Port Qasim Authority (PQA) and FWQEnterprises (Private) Limited (a joint venture of Felda Palm Industries,Malaysia and Westbury Private Limited, Pakistan) signed an agreement onDecember 11 for establishing Liquid Cargo Terminal.

The project would be constructed at a cost of US$11.4 million on 30 yearsBuilt, Operate and Transfer (BOT) basis in proximity of Port Qasim.

The Malaysian company will be investing $4.446 million in the terminal forproviding facilities for import and export of liquid cargo which alsoincludes edible oils, molasses, derivatives etc.

The terminal would handle 4 million tons of liquid cargo annually, withoil tankers up to 35,000 dead weight tonnage (DWT).

(PPI)