India-based Deendayal Port Authority has unveiled plans to invest $745m (Rs59.63bn) to build two mega cargo handling terminals.
The port is situated in the Kutch district of the Indian state of Gujarat.
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Both terminals will be built on a build-operate-transfer (BOT) basis with a 30-year concession period under a public-private partnership (PPP) model.
There is also the option to renew or extend the concession for a further 20 years.
The development of a container terminal and multi-purpose cargo berth at Tuna-Tekra is aimed at meeting the future needs of the hinterland as well as supporting the downstream industries across Gujarat and allied states.
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The container terminal will be built to handle next-generation vessels or deeper draught vessels up to between 6,000 twenty-foot equivalent units (TEUs) and 21,000TEUs with draughts of 14m to 18m, respectively.
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By GlobalDataExpected to entail an investment of around $530m (Rs42.43bn), the terminal will have an optimal handling capacity of 2.19 million TEU.
The multi-purpose cargo berth will handle vessels up to between 100,000 deadweight tons (DWT) and 210,000DWT with a draught of 15m to 18m, respectively.
It will be suitable for handling multi-purpose cargo, including food grains, fertilisers, coal, ores and minerals, as well as steel cargo.
Projected to cost around $214m (Rs17.19bn), the berth will have an optimal handling capacity of 18.33 million metric tonnes per annum (MMTPA).
Deendayal Port Authority chairperson S K Mehta said: “At Deendayal Port, we are focusing on six major strategic areas, which include cargo and productivity improvement; landlord port development; port-led industrialisation; coastal shipping and Ro-Ro; Ro-pax expansion; improvement in ease of doing business and cost of doing business; and green, sustainable and safe port development.”
Last March, Adani Ports and Special Economic Zone (APSEZ) won a dredging contract, valued at nearly $42.47m (Rs3.1bn), from Deendayal Port Trust.
