Adani to build on Indian East coast
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, is working to strengthen its position on the countrys East coast with a new container terminal at Ennore Port.
Adani already holds a strong position on India’s West coast, where it owns and operates the ports of Mundra, Dahej and Hazira. Winning the bid for the new terminal on a design, build, finance, operate and transfer (DBFOT) basis for a concession period of 30 years will mean it can boost its presence on the East coast.
The Group’s original bid of 5% revenue share was rejected last year, but local media suggests the Group won the tender after offering a revenue share of 37% for building the new terminal with an investment of Rs.1,270 crore (US$205.6m).
The container terminal will have a quay length of 730m and an estimated capacity of 1.4 million teu. Adani will have 36 months to begin operations at the port.