Imran Khan, the Prime Minister of Pakistan, and Eric Ip, the group managing director of Hutchison Ports, met yesterday to discuss the Hong Kong terminal operator’s expansion plans in South Asia.

Eric Ip confirmed to the Prime Minister the commencement of construction of the second phase of the Pakistan Deep Water Container Port project in Karachi with $240 million of new investment to achieve a handling capacity of 3.2 million TEU upon completion.

Additionally, to an increase in the container handling capacity, the second phase will also include the enhancement of the facility’s railway cargo track and its power production capacity.

Eric Ip also said that the company’s total investment (including in the Karachi International Container Terminal which it also operates) in Pakistan would reach USD 1 billion.