DP World's India Arm Bags Massive Container Terminal Contract
DP World's Indian subsidiary Hindustan Ports Pvt Ltd has been awarded a tender to develop a $519 million mega container terminal for Deendayal Port Authority at Tuna-Tekra in Gulf of Kutch, Gujarat.
“We have issued the Letter of Acceptance (LOA) to DP World a couple of days ago. This is a greenfield PPP project where DP World will invest Rs 4,243 crore and an additional Rs 300 crore will be invested by the Deendayal Port,” Sanjay Mehta, chairman of Deendayal Port Authority told Indian daily newspaper The Indian Express.
Situated 15 kms from Kandla port the port has 14 dry cargo berths and six oil berths.
DP World will build an off-shore berthing structure that will handle three vessels simultaneously and will have a capacity of 2.19 million TEUs (Twenty-foot equivalent unit) per annum when complete.
To begin the terminal will cater to 14-metre draught vessels of 6000 TEUs. Subsequently, a common access channel with 15.5-metre draft will be dredged and maintained by Deendayal Port Authority.
During the concession period, DP World will also have liberty to handle vessels up to 18-metre draught by deepening and widening the approach channel, berth pocket and turning circle.
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