DP World awarded 330m terminal at Indian port
New terminal set to add 800,000TEUs to Jawaharlal Nehru Port
DP World will invest $200m into the new terminal at Jawaharlal Nehru Port in India.
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DP World has been formally awarded a new 330m terminal project at India’s Jawaharlal Nehru Port, DP World chairman Sultan Ahmad Bin Sulayem announced on Tuesday.
Once constructed, the new terminal will add 800,000 TEUs for container capacity to the port and will help ease congestion, a vital requirement as the port is currently operating beyond its capacity. DP World said that the terminal is expected to begin operations by 2015.
“Being one of the strongest emerging economies in the world, with a burgeoning middle class population, India offers immense potential for growth in the maritime sector. With the 330m project, DP World will contribute even more to India’s growth, offering our customers the ability to grow and expand their business in India,” said Mohammed Sharaf, group chief executive officer of DP World.
According to a report by www.portstrategy.com, the Dubai government back entity will invest $200m into the single berth facility, which will run alongside its existing terminal operation at the Port.
