Jawaharlal Nehru Port Trust and Dubai-based DP World inked an agreement for development of the new container terminal in Navi Mumbai.
Regarding this contract, N.N. Kumar, JNPT Chairman , stated: “ JNPT has signed a concession agreement with Nhava Sheva Gateway Terminal, a subsidiary of DP World of Dubai, for the development of standalone container handling facility at JN Port, Navi Mumbai, Maharashtra.”
This capital development project will include construction of a new 330 metre berth with 27 hectares of yard that will add 8,00,000 TEUs of container capacity and help ease the congestion at JNPT, reports thehindubusinessline.com.
“ With a 17-year concession period, we are investing for the long-term and we look forward to continuing to work with JNPT in the future ,” Sultan Ahmed Bin Sulayem, Chairman of DP World , said.
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Dredging Today Staff, June 19, 2013