India’s Billion-Dollar Terminal Drive
In a bid to compete with its neighbouring rivals, Kamarajar Port, which runs the Port of Ennore on India’s East Coast, is looking to add a new container terminal at the port in order to double capacity in the next three years, and will form part of a US$1.2 billion project, according to the Journal of Commerce.
M.A Bhaskarachar, Managing Director and Chairman of Kamarajar Port said that tenders will also be floated for another general cargo berth.
Bhaskaracher said: “Our rates are competitive and trade is not complaining. All our rates are fixed in a transparent manner. There is nothing extra that customers have to pay.”
The container terminal will have an initial capacity of 800,000 TEU and will be constructed by Adani Ports and Special Economic Zone.
The Indian Ministry of Shipping said in a statement: “The focus is on improving the existing port infrastructure, modernization of the existing facilities and increasing port capacity.”