MUMBAI's Jawaharlal Nehru Port Trust (JNPT) is to make INR500 million (US$8.25 million) investment into the port in order to make it one of the world's top 10 container ports following growth of eight per cent despite a depressed market.
India's largest container port accounts for over half of the country's containerised cargo and is currently ranked 31st in the top 100 container ports in the world.
It is to support expansion in a fourth container terminal to allow for 10 million TEU capacity by 2018-19 and a 330-metre standalone container terminal from current capacity of four million TEU.
The INR6 billion development of the standalone terminal in a concession with DP World's India's subsidiary will add 800,000 TEU capacity at completion due by December 2015.
A further investment of INR18 billion from a BOT operator to improve land side facility in a 43 km road of four to 12 lanes. This will connect the port to three major highways (Mumbai-Pune, Mumbai-Goa and Mumbai-Agra). It will also provide last mile connectivity to the New Mumbai airport.
There will also be INR300 billion for a dedicated freight corridor for the country due to complete 2018. This will prove critical to JNPT offering 100 trains a day with 180 containers compared compared to present 22 trains daily and 90 containers each.
JNPT will require container freight station facilities and a multi-modal logistics park to support the 10 million TEU capacity.
Confidence in the Indian market is bullish coupled with positive views of JNPT management. Port sector investment is shifting in 2014 from road and power projects, which have been the foreign direct investment focus, said the port authority in an interview by The Hindu daily of Chennai.
The port has dredged the channel to a 14-metre draft and aims to increase this to 15 metres in second phase and ultimately 17 metres in order to handle 15,000 - 18,000 TEU capacity from current 6,000-TEU vessels.
PORTS
04 May 2014 - 22:48
JNPT US$8 million expansion to make top 10 global port rankings
MUMBAI's Jawaharlal Nehru Port Trust (JNPT) is to make INR500 million (US$8.25 million) investment into the port in order to make it one of the world's top 10 container ports following growth of eight per cent despite a depressed market.
PORTS
04 May 2014 - 22:48
JNPT US$8 million expansion to make top 10 global port rankings
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