The Jawaharlal Nehru Port Trust (JNPT) will be among the top ten ports in the world in five years as its capacity will go up 130 percent by then, Union Shipping Minister G K Vasan said.
Speaking at a function, organised to lay the foundation for a 330m-long new container terminal at the JNPT, the minister said the public-private partnership (PPP) model in the port sector worked well, reported The Hindu.
This terminal, to be set up by DP World’s Nhava Sheva India Gateway Terminal, will come up with an investment of US$195.74 million in a year.
“We, at the DP World, are fast-tracking the project to commence operations in early 2015,” said Anil Singh, managing director, DP World Subcontinent. DP World already runs a 1.2 million TEU terminal at the JNPT.
Vasan also awarded the fourth container terminal at the JNPT to PSA Bharat Investment, which was recently selected as the preferred bidder. This 4.8 million TEUs terminal will come up in five years with an investment of $1.29 billion. With these two new terminals, the container handling capacity of the JNPT will go up to 9.7 million TEUs from 4.1 million TEUs at present.
“This is an important milestone for JNPT,” the minister said adding that with his ministry had achieved its targets by awarding 30 port projects this year with an investment of $3.42 billion and combined capacity of 270 million tonnes
Speaking at a function, organised to lay the foundation for a 330m-long new container terminal at the JNPT, the minister said the public-private partnership (PPP) model in the port sector worked well, reported The Hindu.
This terminal, to be set up by DP World’s Nhava Sheva India Gateway Terminal, will come up with an investment of US$195.74 million in a year.
“We, at the DP World, are fast-tracking the project to commence operations in early 2015,” said Anil Singh, managing director, DP World Subcontinent. DP World already runs a 1.2 million TEU terminal at the JNPT.
Vasan also awarded the fourth container terminal at the JNPT to PSA Bharat Investment, which was recently selected as the preferred bidder. This 4.8 million TEUs terminal will come up in five years with an investment of $1.29 billion. With these two new terminals, the container handling capacity of the JNPT will go up to 9.7 million TEUs from 4.1 million TEUs at present.
“This is an important milestone for JNPT,” the minister said adding that with his ministry had achieved its targets by awarding 30 port projects this year with an investment of $3.42 billion and combined capacity of 270 million tonnes
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