Preliminary construction work has been completed including construction of boundary walls and basic structure for the storage tanks etc. The sponsor could not pursue the project due to lack of funds. The sponsor has already obtained all the permissions for the construction of storage facilities from statutory and governing bodies. A long term lease of the land also has been obtained from Port Qasim Authority. The sponsor wants to complete the project with the assistance of a foreign partner.
Sponsors are already in the business of import of chemicals and oil for their clients.
To facilitate themselves and other similar parties they plan to establish bulk liquid storage capacities of 40,000 M Tons at port Qasim. Presently the liquids and chemicals are handled at K.P.T where storage facilities and handling equipment has become old and is not adequate to handle the ever growing demand of these products in the country. Due to huge pressure at KPT and congestion of highest order government is encouraging these type of projects as such few other projects are also in the pipe line. It is also in the interest of the government that private sector invests in the construction of storage facilities at the port to cater for the import requirements. The import of edible oil during 1997-98 is estimated to be 1.178 billion kgs.