UAE Port Operator Commits 510-Million-Dollar Investment to Build New Container Terminal in India
The container terminal, to be situated in India's Gujarat state, will be constructed at a cost of approximately 510 million US dollars, said the report.
According to the agreement, the terminal is designed to handle around 2.19 million twenty-foot equivalent units (TEUs) per year, and DP World will be responsible for its buildup, operation and maintenance.
Upon its completion in 2027, the terminal, with state-of-the-art equipment, will be capable of accommodating vessels carrying more than 18,000 TEUs, the report added.
Moreover, it will be connected to the network of roads, highways, railways and freight transportation, catering to the growing logistics demand from northern, western and central India and permitting local businesses to access global markets.
DP World currently operates five container terminals across India, two in Mumbai and one each in Mundra, Cochin, and Chennai, boasting an aggregate capacity of approximately 6 million TEUs, the WAM reported.
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