Private aims for Indias Karwar
The small Indian West Coast Port of Karwar is to have a privately operated container terminal.
This project is being financed by Vikram Integrated Logistics Private Limited, which has so far spent €1.73m on developing what will eventually be a €3.46m scheme.
Once operational, the terminal will be able to handle 30,000 teu/year and is expected to take some pressure off of existing terminals at Mangalore, Kochi and Chennai.
It will be operated on a 20-year lease, although this could be extended to the end of that period.
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