DP World signs $200 million Nhava Sheva Gateway Terminal concession in India
DP World and Jawaharlal Nehru Port, on 19 June 2013, held a ceremonial signing of the concession awarded to DP World to construct and operate a new container terminal at the port.
DP World received the Letter of Award for the new Nhava Sheva (India) Gateway Terminal project in November last year.
The new facility is expected to be operational in 2015. The 330 metre berth with 27 hectares of yard will add 800,000 TEUs (twenty foot equivalent container units) of container capacity and help ease congestion at Jawaharlal Nehru Port.
The new quay has been awarded for a 17 year concession period and will be equipped with four rail mounted quay cranes and 12 rubber tyred gantry cranes.
DP World will invest around US$200 million to build the terminal adjacent to the Nhava Sheva International Container Terminal (NSICT), which DP World currently operates.
Anil Singh, Senior Vice President and Managing Director, DP World Subcontinent, said: "We have worked closely with Jawaharlal Nehru Port Trust over the years. We were the port's first private partner in 1997."
Source: DP World
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