JSW Infrastructure inks pact to develop first container terminal project
The container terminal will have a quay length of 350 mtr
JSW Infrastructure, a part of the JSW Group, has entered into a concession agreement with the New Mangalore Port Trust (NMPT) to develop and operate its first container terminal project for a period of 30 years.
The company is investing around Rs 300 crore to develop the container terminal, which will have a capacity of 4,00,000 TEUs.
As part of the proposed investment, the company will undertake mechanisation of Berth No 14 for handling containers and other cargo on design, build, finance, operate and transfer (DBFOT) basis.
The container terminal will have a quay length of 350 mtr and accommodate vessels up to 9,000 TEUs. It will have a backup storage area of 15.5 ha for storage of container.
The concession agreement with NMPT is part of the company’s strategic direction to achieve 200 million tpa cargo handling capacity over the next couple of years.
The container terminal at NMPT will allow the company to expand its footprints in container segment and diversify cargo mix. The company expects to commission the terminal by mid of 2021.
NMPT is an all-weather, lagoon type port situated at Panambur, Mangaluru in Karnataka.