PSA International has today signed a concession with Jawaharlal Nehru Port Trust (JNPT) for the fourth container terminal at India’s largest port, Jawaharlal Nehru.
Bharat Mumbai Container Terminals Private Limited (BMCT), a wholly-owned subsidiary of PSA Bharat Investments Pte Ltd – an extension of PSA International, has agreed a 30-year concession for the new terminal on a design, build, operate, finance and transfer basis.
JNPT awarded the concession for its fourth terminal to the PSA subsidiary in February this year after its Board of Trustees approved BMCT’s offer of a 36 percent revenue share in the new Indian terminal, the highest among the prospective bidders.
In a statement, PSA said that BMCT will boast the deepest berths in Jawaharlal Nehru (16.5 metres) and will be equipped with the latest container handling technologies.
“PSA will work along with Jawaharlal Nehru Port Trust to develop this very important terminal in India to cater to the increasing demand for container handling capacity, and facilitate maritime trade in India,” said PSA International’s Group CEO, Tan Chong Meng.
Upon completion, BMCT will have a two kilometre quay and a 4.8 million TEU annual capacity.