Dubai-based DP World Ltd said it has bagged an order from Jawaharlal Nehru Port Trust to build and operate a single berth facility alongside its existing terminal operation at Nhava Sheva, Mumbai.

The new facility is expected to be operational in 2015.

DP World said it will invest around $200 million to build a container terminal of 330 metres quay length and 17 hectares of yard, which will have an annual handling capacity of 800,000 TEUs (20-foot equivalent container units) and draft of 13.5 metres.

The new quay has been awarded for a 17 year concession period and will be equipped with four rail mounted quay cranes and 12 rubber tyred gantry cranes.

Mohammed Sharaf, Group Chief Executive Officer, DP World said: “We thank the government of India and the Jawaharlal Nehru Port Trust for awarding us this project. India is one of our most important markets and we are committed to supporting its growth over the long term.”

The company operates five Indian terminals (Chennai, Mundra, Nhava Sheva, Visakhapatnam, Cochin), and Asia Pacific and Indian Subcontinent region is the main driver of our volume growth in the first six months of 2012, reporting a 12.1 per cent increase in volumes to 13.3 million TEU.

“Timely capacity on the west coast of India is critical to our country’s economic growth. JNPT is India’s largest trade gateway and additional port capacity will ease the congestion concerns of the shipping community,” he said.

Anil Singh, Senior Vice President and Managing Director, DP World Subcontinent, said: “We look forward to working with Jawaharlal Nehru port on the project to continue to service India’s trade as the premier gateway”.

(This article was published on November 2, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.