Author: IT Shades

Publisher: EGBG Services LLC

Published: 2020-02-17

Total Pages: 48

ISBN-13:

The infrastructure company, part of the USD 14 billion JSW Group, is investing nearly Rs 300 crore to develop the terminal which will have a capacity of 400,000 TEU. As part of the proposed investment, JSW Infrastructure will undertake mechanisation of berth number 14 for handling containers and other cargo on Design, Build, Finance, Operate and Transfer basis, the company said in a statement. The container terminal will have a quay length of 350 metres and accommodate vessels up to 9000 TEUs. It will have a backup storage area of 15.5 hectares for storage of container. Joint MD & CEO of JSW Infrastructure Arun Maheshwari said the concession agreement with NMPT is part of the company's strategic direction to achieve 200 MTPA cargo handling capacity over next couple of years. Over the years, the NMPT has grown fast to handle over 42 million tons of cargo traffic in 2018-19. Container traffic at NMPT has been growing at a CAGR of 15 per cent since 2013 as compared to Indian container traffic growth of 7.52 per cent.