DP World and Jawaharlal Nehru Port Trust (JNPT) 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 ceremonial concession document was exchanged between the Minister of Shipping GK Vasan and Sultan Ahmed Bin Sulayem, Chairman of DP World. The concession was signed by NN Kumar, Chairman, JNPT, and Anil Singh, Senior Vice President and Managing Director, DP World Subcontinent Region.
The new 330 m berth with 27 hectare of yard will add 800,000 TEUs of container capacity and help ease congestion at Jawaharlal Nehru Port. DP World will invest around $200 million to build the terminal, which is expected to commence operations in 2015.
Leave a Reply
You must be logged in to post a comment.