Wednesday, 8 February 2023

India: DP World to develop container terminal at Deendayal Port

DP World has won a major concession to develop, operate and maintain a container terminal at Deendayal port in Gujarat, on the western coast of India.

The project involves the construction of a mega-container terminal at Tuna-Tekra through a Public-Private Partnership (PPP).

Once complete, the terminal will include a 1,100-metre berth, and will be capable of handling vessels carrying more than 18,000 teu. Total capacity will be 2.19 million teu.

The contract was awarded by the Deendayal Port Authority under on a Build-Operate-Transfer (BOT) basis.

The future terminal will help unlock future container traffic growth in India, catering to exports and imports from Northern, Western and Central India, reducing logistics cost and enhancing efficiencies across supply chains.

"India represents a significant landscape for opportunity. As the value chain becomes more integrated, significant growth opportunities exist across the entire Indian ports and logistics space,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.

“With the development of Tuna Tekra mega-container terminal in Gujarat, DP World will be well placed to capture these opportunities, further connecting Northern, Western and Central India with global trade and driving value for all our stakeholders.

This is yet another step in our collective efforts with the National Investment and Infrastructure Fund to leverage our expertise in logistics infrastructure and local knowledge to further strengthen India’s supply chain," he added.

DP World already operates five terminals – two in Mumbai, one each in Mundra, Cochin and Chennai – with a combined capacity of approximately 6 million teu and with the addition of Tuna Tekra Container Terminal DP World will have a capacity of 8.19 million teu.

This is along with seven multimodal inland terminals connected to DP World’s rail network, cold storage facilities and container freight stations. It is also developing three economic zones across the country in Mumbai, Cochin and Chennai.

The new terminal will be constructed and equipped with most modern facilities and equipment over an area of approximately 63 hectares. The terminal will be well connected to the hinterland through the network of roads, highways, railways and the Dedicated Freight Corridors.

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