Dubai Ports (DP) World, a leading port operator in the United Arab Emirates, has signed a deal with India’s Deendayal Port Authority to construct a new container terminal on India’s western coast, as reported by official news agency WAM.
The construction of the container terminal, which will be located in Gujarat state, is estimated to cost around $510 million.
The terminal’s capacity is intended to reach 2.19 million twenty-foot equivalent units (TEUs) per year, and DP World will be in charge of its development, operation, and maintenance as per the agreement.
By 2027, once completed, the terminal will have cutting-edge equipment and will be capable of accommodating vessels carrying over 18,000 TEUs.
Additionally, it will be linked to a network of roads, highways, railways, and freight transportation, meeting the increasing logistics demand in northern, western, and central India and providing local businesses with access to global markets.
Currently, DP World manages five container terminals in India, including two in Mumbai and one each in Mundra, Cochin, and Chennai. These terminals collectively have a capacity of approximately 6 million TEUs, according to WAM.
Credit: The Star : News Feed
