Friday, June 21, 2024

Emirates News Agency – DP World Group invests $510 million to build tuna container terminal


  • DP World Group is investing USD 510 million to develop the largest Tuna-Tegra container terminal in India.

New Delhi, August 25, WAM, DP World (dbworld) today signed a concession agreement with Tindial Port Authority for the development, operation and maintenance of a new 2.19 million TEU container terminal in Kandla district of western Gujarat. Coast of India.

The concession agreement was signed by Dindal Port Authority Chairman SK Mehta and Rizwan Somar, Managing Director and Chief Executive Officer, Indian Subcontinent, Middle East and North Africa, DB World Group (dbworld). The signing ceremony was attended by Union Minister for Ports, Shipping and Waterways Sarbananda Sonwal, dbworld Group Chairman and CEO Sultan Ahmed Bin Sulayem and India’s Minister of State for Ports, Shipping and Waterways Shantanu Thakur. At a ceremony in the capital New Delhi.

The Dindial Port Authority had in January awarded the concession to develop the mega-container terminal to Hindustan Infralog Pvt Ltd, a joint venture between DP World Group and the National Investment and Infrastructure Fund (NIIF). The concession is being made on a “build-operate-transfer” (BOT) basis for 30 years, with an option to extend the contract for a further 20 years.

The project involves the construction of a large container terminal at Duna Tegra, near the existing port of Tendyal, at a cost of US$510 million through a public-private partnership.

It will have a capacity of 2.19 million TEUs per annum upon completion of construction in 2027 and will include a 1,100-metre deep berth capable of handling next-generation mega-ships carrying over 18,000 TEUs. As part of the concession agreement, the stream may be extended up to 1,375 meters.

The project will connect the hinterland through a network of inland roads, highways, railways and dedicated freight lines, support the growing demand for logistics solutions from North, West and Central India and connect regional businesses to global markets.

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DP World currently operates five container terminals in India – two in Mumbai, and one each in Mundra, Cochin and Chennai – with a total capacity of 6 million TEU. With the addition of Tegra Tuna, DP World Group’s total capacity stands at 8.19 million TEUs. The project is part of the National Infrastructure Plans and will further enhance Government of India initiatives such as PM Jati Shakti Master Plan and National Logistics Policy. The container terminal will be fully compliant with the Green Port Guidelines, which contribute to achieving the long-term sustainability goals set by the Government of India by adopting best practices for managing the port environment.

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonwal said: The signing of the concession agreement between Dindial Port Authority and DB World Group is another significant achievement in building infrastructure excellence. India is public and private through B2B model. This project is in line with Amrit Kaul’s Vision 2047 presented by our Prime Minister and will also quadruple port handling capacity and improve intermodal logistics infrastructure to boost economic growth. A key role in the government’s ambitious vision of making India an ‘export hub’, it will also support direct and indirect job creation in various sectors such as transport, distribution and supply chains.

SK said: Mehta, Chairman, Tendyal Port Authority said, “We are delighted to partner with DB World Group in the development of one of our flagship projects at Tendyal Port. The Tuna-Tegra Mega Terminal will be one of the largest container terminals. This will help increase production and cargo handling capabilities at the port. As one of India’s busiest ports, we are committed to improving our capacity to serve the nation and business by reducing congestion and increasing trade capacity. Recently agreed to raise, apart from this, we are considering implementing several initiatives to improve connectivity between Kandla and Duna Tegra. Indian Ministry of Road Transport, Highways and Railways.

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Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World (dbworld) Group, said: “We are proud to collaborate with Tendyol Port Authority on the new mega-container terminal development at Duna Degra. The group can deliver business opportunities by connecting North and West Central India to global markets, thereby adding value to all stakeholders through the key opportunities that India represents. The signing of this concession agreement marks another milestone in our joint ventures with the National Investment and Infrastructure Fund. DP World’s logistics infrastructure expertise and local knowledge to strengthen supply chains, supply and trade and support industry growth in India.

Rajiv Dhar, CEO and Managing Director, National Investment and Infrastructure Fund of India, said: “We are delighted to be working with the Dindial Port Authority and DP World Group to develop one of the largest new infrastructure projects in the port sector in India. On a public-private partnership basis. “This project will create significant value for end-users and help the government achieve its goal of reducing logistics costs for commercial transport. This project is a testament to our capacity for large-scale infrastructure development in partnership with strategic players.”

Zakaria Mohildin/ Muhammad Jaballa

Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

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