India’s Billion-Dollar Terminal Drive

 12 Feb 2016    Cargo Volumes and Throughput, Carriers, Container Handling, Containers, Going Places, Port Planning, Ports

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.”

Technical Paper: Ports and Terminals in India

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.”

It was previously reported that India’s 12 major ports will be receiving around US$2.1 billion of investment in the 2015-2016 fiscal year in a bid to add 162 million tonnes of capacity per annum.

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