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DP World invests US$500 million in Kandla Gujarat terminal
来源：shippingazette 编辑：编辑部 发布：2023/09/06 16:47:53
GLOBAL port operator DP World is investing US$500 million in a large container terminal Kandla in Gujarat, 300 nautical miles north of Mumbai, 250 nautical miles south of Karachi, reports Athens Safety4Sea.
DP World has signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India's western coast.
The project involves the construction of a mega-container terminal at Tuna-Tekra near the existing Deendayal Port, at a cost of US$510 million through a public-private partnership (PPP).
Once complete in 2027, the terminal will have state of the art equipment and a 1,100 metre berth capable of handling next-generation vessels carrying more than 18,000 TEU. As part of this concession agreement the berth can be further extended to 1,375 metres.
"The terminal will connect to the hinterland through the network of roads, highways, railways and Dedicated Freight Corridors to support the growing demand for logistics solutions from across Northern, Western and Central India, connecting businesses in the regions to global markets," said the report.
The concession agreement was signed between SK Mehta, chairman of Deendayal Port Authority and Rizwan Soomar, managing director and CEO, India Subcontinent, Middle East and North Africa, DP World.
It was signed in the presence of Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, at a ceremony in New Delhi.
The Deendayal Port Authority awarded the concession in January to develop the mega-container terminal to Hindustan Infralog Private Limited - a joint venture between DP World and National Investment and Infrastructure Fund, India's collaborative investment platform anchored by the Government of India.
The concession is on a Build-Operate-Transfer (BOT) basis for a period of 30 years with the option to extend for another 20 years.
DP World has signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India's western coast.
The project involves the construction of a mega-container terminal at Tuna-Tekra near the existing Deendayal Port, at a cost of US$510 million through a public-private partnership (PPP).
Once complete in 2027, the terminal will have state of the art equipment and a 1,100 metre berth capable of handling next-generation vessels carrying more than 18,000 TEU. As part of this concession agreement the berth can be further extended to 1,375 metres.
"The terminal will connect to the hinterland through the network of roads, highways, railways and Dedicated Freight Corridors to support the growing demand for logistics solutions from across Northern, Western and Central India, connecting businesses in the regions to global markets," said the report.
The concession agreement was signed between SK Mehta, chairman of Deendayal Port Authority and Rizwan Soomar, managing director and CEO, India Subcontinent, Middle East and North Africa, DP World.
It was signed in the presence of Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, at a ceremony in New Delhi.
The Deendayal Port Authority awarded the concession in January to develop the mega-container terminal to Hindustan Infralog Private Limited - a joint venture between DP World and National Investment and Infrastructure Fund, India's collaborative investment platform anchored by the Government of India.
The concession is on a Build-Operate-Transfer (BOT) basis for a period of 30 years with the option to extend for another 20 years.