Adani Ports to develop bulk terminal at Kandla
Adani Ports and Special Economic Zone (APSEZ) said it had received the letter of intent from the Kandla Port Trust, a Government of India body, to set up a dry bulk terminal at the Kandla Port on build, operate and transfer basis.
The company has emerged as the highest bidder on revenue share basis and has been awarded the concession in a highly competitive bidding scenario. The dry bulk terminal will off Tekra near Tuna outside Kandla Creek at the Kandla port which is India’s number one port by volumes. The construction of the new bulk terminal will begin after signing of the concession agreement with the Kandla Port Trust.
“We are extremely pleased to partner the Government of India and the Kandla Port Trust and would like to thank them for their faith and confidence in the Adani Group’s execution and operating capabilities for setting up world class ports. The Kandla Port’s strategic location will be an important factor in attracting cargo from the north-west hinterland and will assist Adani Ports to cross cargo handling volumes of 200 million tonnes by 2020,” said Rajeeva Sinha, whole time director APSEZ.