United Arab Emirates (UAE)-based DP World has received a concession for the development of the mega-container terminal at Deendayal port in the Indian state of Gujarat.
The company will also be responsible for the operation and maintenance of the terminal, which is located on the country’s western coast.
DP World secured the contract from the Deendayal Port Authority on a build-operate-transfer (BOT) basis.
Through a public-private partnership (PPP), the project will result in the development of a 2.19 million twenty-foot equivalent units (TEUs) terminal at Tuna Tekra.
Upon completion, the terminal will feature a 1,100m berth able to handle vessels carrying more than 18,000TEUs.
Designed to accommodate future container traffic growth in India, the terminal will handle exports and imports from northern, western and central India.
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It will also help lower logistics cost and improve efficiencies across supply chains, stated DP World.
Furthermore, the project will ‘complement initiatives of the Government of India, such as the PM Gati Shakti Master Plan and National Logistics Policy that will help focus on developing multimodal logistics infrastructure promoting economic growth’.
This investment by DP World is in line with the Indian Government’s Vision 2047, which is intended to bring about a four-fold growth in the port handling capacity in the country.
DP World group chairman and CEO Sultan Ahmed Bin Sulayem said: “India represents a significant landscape for opportunity. As the value chain becomes more integrated, significant growth opportunities exist across the entire Indian ports and logistics space.
“With the development of Tuna Tekra mega-container terminal in Gujarat, DP World will be well placed to capture these opportunities, further connecting northern, western and central India with global trade and driving value for all our stakeholders.”