The Deendayal Port Authority (DPA) is all set to finalize an agreement with DP World, a global logistics company from Dubai. This agreement will allow DP World to develop, operate, and maintain a huge new container terminal at Tuna-Tekra in Gujarat, near Kandla. This news comes from the ministry that oversees ports, shipping, and waterways.
The official signing of this agreement will take place on August 25th. The ministry has shared that this project involves building a massive container terminal at Tuna-Tekra, near Kandla, and it will cost around ₹4,243.64 crore. This will be done through a partnership between the government and a private entity (Public-Private Partnership or PPP mode).
Ship owner should prefer proper recycling facilities
Once completed, this terminal will have the ability to handle 2.19 million container units (TEUs) annually. It will also be capable of managing large ships carrying over 18,000 TEUs, which is quite impressive.
This new terminal will be really helpful for trade from northern, western, and central India, providing a link to global markets. This project is in line with the Indian government’s Vision 2047, which aims to expand port capacity and create better logistics infrastructure to boost economic growth.
The agreement for this project will last for 30 years and is with a special purpose vehicle (SPV) called Hindustan Infralog Private Limited. This SPV is a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF). The agreement is based on the Build-Operate-Transfer (BOT) model and can be extended up to 50 years.
Indian Government to create Bureau of Port Security
This container terminal will follow “green port” guidelines, focusing on sustainable practices for port operations. This supports the long-term sustainability goals of the Indian government.
The ministry stated that this project will improve operational efficiency by reducing congestion at Kandla creek, allowing for better handling of large container ships, and decreasing turnaround time. These improvements will help create efficient and strong supply chains within the country.
The terminal will be well-connected through roads, railways, and highways, acting as a link between the inland areas and global markets.
This project is part of the National Infrastructure Pipeline and complements the initiatives of the government, such as the PM Gati Shakti Master Plan and National Logistics Policy, which aim to enhance infrastructure and logistics in the country.
The safety of the beaching method in ship recycling: A comprehensive overview
