LAHORE – Punjab Industrial Estates (PIE) Chairman SM Tanveer has appreciated decision to establish a new dry port, on the basis of public-private partnership, at Prem Nagar near Raiwind.

In a statement on Thursday, he said that the dry port will be beneficial not only for the Sundar Industrial Estate but also for industries around the area. With the investment of Rs 6.1 billion rupees, the port is expected to generate revenues of up to one billion rupees per year. “I am expecting more jobs at new dry port as well,” he said.

Tanveer said that the dry port will support export-oriented industries around the Prem Nagar area. A complete infrastructure including terminal service and custom clearance will support transportation of products in and outside the country, he pointed out. “I am sure prices of products will be decreased after establishment of dry port,” he said.