Mumbai: Dubai-based DP World has signed an agreement with India's Jawaharlal Nehru Port Trust (JNPT) to develop an Rs6bn container terminal in Navi Mumbai.
"JNPT has signed a concession agreement with Nhava Sheva Gateway Terminal, a subsidiary of DP World of Dubai, for development of standalone container handling facility at JN Port, Navi Mumbai, Maharashtra," JNPT chairman, N N Kumar said. The project would be executed on Design, Build, Finance, Operate and Transfer (DBFOT) basis.
The new $200m terminal, which is spread over 27 hectares and has a quay length of 330 m, will help ease congestion at the port by adding an additional 800,000 teu in annual capacity. [20/06/13]
