DP World & Kandla Port ink Rs 42 bn terminal deal
PORTS & SHIPPING

DP World & Kandla Port ink Rs 42 bn terminal deal

Global shipping firm DP World has entered into a concession agreement with the Deendayal Port Authority (Kandla Port). The agreement is for the development of a container terminal in Tuna Tekra, which is a satellite facility. The estimated investment for this project amounts to Rs 42.43 billion.

The project is a public-private partnership initiative, and the tender for it was floated the previous year. The project is expected to start its operations by early 2027. Once it is finished, the terminal will have a berth spanning 1,100 metres, and it will be able to handle next-generation vessels that have the capacity to carry more than 18,000 containers.

The annual capacity of the terminal will exceed 2 million twenty-foot-equivalent units (TEUs).

The primary aim of this new terminal is to meet the future requirements of the hinterland in the northern, western, and central regions of India. According to the shipping ministry, it is believed that this terminal will further enhance trade by linking businesses from these areas to international markets.

The government sees the strategic location of the terminal as a way to help reduce container logistics costs within the country. The agreement's duration covers a span of 30 years and can potentially be extended for an additional 20 years.

Sarbananda Sonowal, who is the Union minister for ports, shipping, and waterways, mentioned, "Once the terminal becomes operational, it will have a significant role in the government's ambitious goal of making India a hub for exports. Additionally, it will contribute to generating direct and indirect employment in various sectors such as transportation, distribution, and the supply chain."

Also read: 
BOC aviation supports IndiGo's growth with Airbus aircraft financing
https://www.constructionworld.in/transport-infrastructure/aviation-and-airport-infra/boc-aviation-supports-indigo-s-growth-with-airbus-aircraft-financing/43623
Air India express aims for second place with 50 Boeing 737 max planes
https://www.constructionworld.in/transport-infrastructure/aviation-and-airport-infra/air-india-express-aims-for-second-place-with-50-boeing-737-max-planes/43622

Global shipping firm DP World has entered into a concession agreement with the Deendayal Port Authority (Kandla Port). The agreement is for the development of a container terminal in Tuna Tekra, which is a satellite facility. The estimated investment for this project amounts to Rs 42.43 billion. The project is a public-private partnership initiative, and the tender for it was floated the previous year. The project is expected to start its operations by early 2027. Once it is finished, the terminal will have a berth spanning 1,100 metres, and it will be able to handle next-generation vessels that have the capacity to carry more than 18,000 containers. The annual capacity of the terminal will exceed 2 million twenty-foot-equivalent units (TEUs). The primary aim of this new terminal is to meet the future requirements of the hinterland in the northern, western, and central regions of India. According to the shipping ministry, it is believed that this terminal will further enhance trade by linking businesses from these areas to international markets. The government sees the strategic location of the terminal as a way to help reduce container logistics costs within the country. The agreement's duration covers a span of 30 years and can potentially be extended for an additional 20 years. Sarbananda Sonowal, who is the Union minister for ports, shipping, and waterways, mentioned, Once the terminal becomes operational, it will have a significant role in the government's ambitious goal of making India a hub for exports. Additionally, it will contribute to generating direct and indirect employment in various sectors such as transportation, distribution, and the supply chain. Also read:  BOC aviation supports IndiGo's growth with Airbus aircraft financing https://www.constructionworld.in/transport-infrastructure/aviation-and-airport-infra/boc-aviation-supports-indigo-s-growth-with-airbus-aircraft-financing/43623 Air India express aims for second place with 50 Boeing 737 max planes https://www.constructionworld.in/transport-infrastructure/aviation-and-airport-infra/air-india-express-aims-for-second-place-with-50-boeing-737-max-planes/43622

Next Story
Infrastructure Transport

NHAI to Build 6-Lane Agra-Gwalior Expressway on BOT (Toll) Mode

To enhance connectivity between the tourism hubs of Agra and Gwalior, National Highways Authority of India (NHAI) will develop 88 km long 6-lane access controlled Agra-Gwalior Greenfield Expressway (NH-719D). NHAI, today signed a concession agreement for the implementation of project with GR Infraprojects, in presence of NHAI Chairman, Santosh Kumar Yadav and senior officials of NHAI and the Concessionaire. The Agra-Gwalior Greenfield Expressway will start from Deori village in Agra and terminate at Susera village in Gwalior. The project shall be developed at a Total Capital Cost of Rs 46.13 b..

Next Story
Infrastructure Transport

Cabinet Nods 166.8-km NH-6 Greenfield Corridor on HAM Mode

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi has approved the proposal for Development, Maintenance and Management of 4-lane Greenfield Access Controlled 166.80 km of National Highway No. 06 from Mawlyngkhung (near Shillong) in Meghalaya to Panchgram (near Silchar) in Assam on Hybrid Annuity Mode as an access controlled greenfield High-Speed Corridor at a total capital cost of Rs 228.64 billion. The project length of 166.80 km lies in Meghalaya (144.80 km) and Assam (22.00 km). The proposed Greenfield high-speed corridor will improve the service level ..

Next Story
Infrastructure Urban

Commercial Ops Begin at Multi-Modal Logistics Park in Nagpur

Under the PM Gati Shakti initiative of Prime Minister with the aim to provide seamless and efficient connectivity for the movement of people, goods and services across various modes of transport, thereby enhancing last-mile connectivity and reducing travel time, and under the guidance of Union Minister of Road Transport and Highways, Nitin Gadkari, the Multi Modal Logistics Park, Nagpur (MMLP Nagpur) at Sindi, near Wardha commenced its commercial operations with a goal to establish a faster link. The MMLP Nagpur established by National Highway Logistics Management (NHLML), a 100 per cent own..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?