CMA Terminals’ consortium wins JNPTC’s terminal expansion bid

A consortium of J M Baxi Ports and Logistics, and CMA Terminals has bagged the contract for the expansion of Jawaharlal Nehru Port Container Terminal at an investment of Rs 872 crore. The Jawaharlal Nehru Port has five terminals and Jawaharlal Nehru Port Container Terminal (JNPCT) is the only one that is self-operated. Out of the remaining four terminals, two are operated by Dubai government-owned DP World, one by PSA International and another by APM Terminals Management. With the takeover of JNPCT, Jawaharlal Nehru Port in Maharashtra would become the country's first major port to become a 100% landlord port with all its berths being operated on public-private partnership (PPP) model. For the JNPCT tender, the equal joint venture between J M Baxi Ports and Logistics, and CMA Terminals offered a royalty price of Rs 4,520 per TEU (twenty-foot equivalent units) for the concession period. The royalty due will increase yearly in line with the rise on the basis of the Wholesale Price Index (WPI). The contract period is for 30 years. The investment for the project will be Rs 872 crore.