+
DP World signs concession pact for tuna-tekra terminal
PORTS & SHIPPING

DP World signs concession pact for tuna-tekra terminal

Deendayal Port Authority, the operator of Kandla port in Gujarat, is set to finalise a concession agreement with global port giant DP World Ltd to establish a state-of-the-art container terminal at Tuna Tekra. The eagerly anticipated deal had faced delays due to a legal dispute. The planned terminal, with an annual capacity of 2.19 million TEUs, will require an investment of Rs 42.43 billion. Notably, Deendayal Port Authority will contribute Rs 2.96 billion for vital infrastructure development.

The concession agreement holds significance as a pivotal project under the National Infrastructure Pipeline. Union Minister Sarbananda Sonowal will oversee the signing ceremony. However, the project encountered obstacles, including a public interest litigation contesting environmental clearances. Although the Gujarat High Court didn't stay the concession agreement, DP World expressed reservations due to the PIL. This partnership is a strategic move for DP World, following its triumph over Adani Ports in winning the 30-year contract. DP World's commitment to the project is underscored by its highest-ever royalty bid of Rs 6,500 per TEU, reflecting the company's confidence in its potential.

Deendayal Port Authority, the operator of Kandla port in Gujarat, is set to finalise a concession agreement with global port giant DP World Ltd to establish a state-of-the-art container terminal at Tuna Tekra. The eagerly anticipated deal had faced delays due to a legal dispute. The planned terminal, with an annual capacity of 2.19 million TEUs, will require an investment of Rs 42.43 billion. Notably, Deendayal Port Authority will contribute Rs 2.96 billion for vital infrastructure development. The concession agreement holds significance as a pivotal project under the National Infrastructure Pipeline. Union Minister Sarbananda Sonowal will oversee the signing ceremony. However, the project encountered obstacles, including a public interest litigation contesting environmental clearances. Although the Gujarat High Court didn't stay the concession agreement, DP World expressed reservations due to the PIL. This partnership is a strategic move for DP World, following its triumph over Adani Ports in winning the 30-year contract. DP World's commitment to the project is underscored by its highest-ever royalty bid of Rs 6,500 per TEU, reflecting the company's confidence in its potential.

Next Story
Real Estate

Omaxe to Develop 450-Acre Township in Indore’s Super Corridor

Omaxe has announced a major expansion in Madhya Pradesh with the acquisition of 450 acres along Indore’s Super Corridor for a modern integrated township. The company will invest Rs 12 billion in the multi-phase project, which is expected to generate Rs 25 billion in revenue over three years.  The development will include residential clusters, commercial and retail zones, schools, healthcare facilities, parks, and green mobility infrastructure. The township aims to support the region’s urban growth and rising infrastructure demand, especially with metro connectivity and major road..

Next Story
Infrastructure Energy

India’s First CBG Plant with Steel Pipeline Integration Launched

CEID Consultants and Engineering has successfully commissioned India’s first Compressed Biogas (CBG) plant integrated via a steel pipeline into a City Gas Distribution (CGD) network. Located in Batala, Gurdaspur (Punjab), the MEPL Bio-energy facility now directly supplies CBG into Gujarat Gas’ grid, eliminating the need for cylinder-based cascade transport and significantly lowering logistics costs. This breakthrough comes after CEID’s earlier deployment of MDPE pipeline offtake at the same plant. The steel pipeline marks a new industry benchmark, enabling continuous, real-time and ..

Next Story
Real Estate

Mittal Builders Plans Landmark Township to Transform Naigaon

Mittal Builders has unveiled a bold urban vision to transform Naigaon into a landmark micro-market in western Mumbai, with plans to unlock 6.5 million sq. ft. of development potential across a 70-acre land parcel. The long-term multi-phase plan has an estimated gross development value (GDV) of over Rs 80 billion. As part of this initiative, Mittal Builders has signed a joint development agreement with The House of Abhinandan Lodha (HoABL) to co-develop a 3 million sq. ft. integrated township, comprising over 4,600 apartments and high-street retail. With a planned investment of Rs 20 billi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?