Speaking at an event to mark the contract signing ceremony, Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal said, “The terminal will play an important role in India’s vision to make India an export hub. India aims to have more than 80% cargo to be handled by Public Private Partnership (PPP) ports in the future, up from 56% right now.”
A company statement said the concession to develop the mega-container terminal at Tuna-Tekra was awarded to Hindustan Infralog Private Limited (a joint venture between DP World and National Investment and Infrastructure Fund). The National Investment and Infrastructure Fund (NIIF) is a collaborative investment platform anchored by the Indian government. The agreement is for developing the terminal on a Build-Operate-Transfer (BOT) basis for of 30 years with an extension option of further 20 years.
“The project involves the construction of a mega-container terminal at Tuna-Tekra near the existing Deendayal Port, at a cost of Rs 4,243.64 crore through a Public Private Partnership (PPP),” DP World said.
Once complete in February 2027, the terminal will have state of the art equipment and annual capacity of 2.19 million TEUs and will include a 1,100 metres (m) berth capable of handling next-generation vessels carrying more than 18,000 TEUs. As part of this concession agreement the berth can be further extended to 1375 m, the statement added.DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Cochin and Chennai – with a combined capacity of approximately 6 million TEUs. With the addition of Tuna Tekra, DP World will have a combined capacity of 8.19 million TEUs.
