DP World bags new terminal at JN Port
DP World has been awarded a new terminal project at Jawaharlal Nehru Port in Mumbai, by the Jawaharlu Nehru Port Trust (JNPT).
DP World’s $200m investment for the new container capacity a new single berth facility which will run alongside its existing terminal operation at the Indian port of Jawaharlal Nehru.
The facility will have 330 metres of quay length, a 17 hectare yard and will have an annual handling capacity of 800,000 teu. It is expected to be operational in 2015.
Last month Port Strategy reported that only DP World had entered the bid for the new $114m container terminal - for which it's believed that the operator offered a 29.09% revenue share to the government.
The operator says that the project is central to achieving its strategy to ease congestion for customers.
Anil Singh, senior vice president and managing director, DP World Subcontinent, said: “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.”
Not all operators have been so lucky at the port in the past few months though. JNPT terminated the contract awarded to PSA International Pte Ltd for the fourth terminal at the port back in September after numerous delays over signing the agreement.
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