Singapore: It’s taken a couple of years longer than expected but PSA International has finally won a concession to build and manage the fourth container terminal at the Jawaharlal Nehru Port (JN Port) in Mumbai.
Called Bharat Mumbai Container Terminals (BMCT), the new terminal is the biggest single foreign direct investment yet in an Indian port.
BMCT will have berths with a depth of 16.5m, the deepest in JN Port. When fully completed, it will have a quay length of 2,000 m with a design capacity of 4.8m teu a year.
The design, building, operation, finance and transfer agreement for BMCT is for a period of 30 years.
PSA had been awarded a similar contract three years ago, but then in 2012 its then partner in the project, ABG Ports, pulled out of the venture.
"Bharat Mumbai Container Terminals is PSA International's latest port project in India. PSA will work along with Jawaharlal Nehru Port Trust to develop this very important terminal in India to cater to the increasing demand for container handling capacity, and facilitate maritime trade in India," said Tan Chong Meng, group ceo of PSA International. [07/05/14]