- Fisheries Department signed agreement with Turkish company
- The company will conduct feasibility survey to build three jetties
- The jetties will be built in Ormara, Kund Malir and Jiwani
GWADAR: The Fisheries Department Balochistan and a Turkish company Tumas on Monday signed an agreement to conduct a feasibility survey to build three jetties in the coastal areas of Balochistan
Under the agreement, Tümaş Turkish Engineering Consulting & Contracting Co, Ankara will provide technical consultancy services for the construction of jetties on a modern basis to promote fisheries industry in the coastal areas of Ormara, Kund Malir and Jiwani in Balochistan under the Gwadar Lasbela Livelihood Support Project.
In this respect, a contract signing ceremony was held where Excellency Turkish Consulate General Mr. Camel Sangu, Secretary Fisheries and Coastal Development Govt. of Balochistan Mr. Kazim Hussain Jatoi, Project Director Gwadar-Lasbela livelihoods Support Project (GLLSP-II) Mr. Rehmat Dashti, Project Director TUMAS Mr. Mart Can, Business Development Manager Tumas Mr. Zulfiqar Ali Mirjat, Chief Technical Officer Tumas Dr. Shahzada Irshad and other representatives of both parties participated in the event.
The Fisheries and Coastal Development Department had proposed to construct three jetties at Kund Malir, District Lasbela, Ormara and Jiwani in District Gwadar.
The jetties will be set up under the Gwadar-Lasbela Livelihoods Support Project – Phase II (GLLSP – II). For feasibility studies of the jetties, the project hired the services of the firm Tümaş Turkish Engineering Consulting & Contracting Co, Ankara.
The financial experts of Pakistan Petroleum Limited (PPL) gave a briefing to the Secretary Finance regarding various modes of financing for the proposed Barite, Lead, and Zinc project in Khuzdar to be managed by the Bolan Mining Enterprises in collaboration with the Government of Balochistan.
The proposed project has positive aspects with an expected rate of return of more than 50% while the investment payback period will be merely five years or less.
Based on the feasibility studies, the project is expected to provide lucrative returns in the shape of royalties and profits for Balochistan.
[embedpost slug=”more-than-192000-houses-destroyed-due-to-flood-in-balochistan/”]
