The 50:50 joint venture between APSEZ and CMA Terminals, subsidiary of CMA CGM, will construct and operate a fourth container terminal in Mundra with an annual capacity of 1.3m teu.
The construction phase has been initiated and completion will be in 24 months, CMA CGM announced last Friday.
“We believe in the development of India and of its economy. With this investment, CMA CGM and Adani Ports will develop a state-of-the-art infrastructure that will play a key role for the development of the country’s industry,” said Farid T Salem, executive officer of CMA CGM.
The project comprises design and construction of 650 metres jetty with a water depth of 16.5 metres. The terminal will initially have four units of 65-tonne capacity of rail mounted quay cranes capable of handling 18,000 teu vessels and super post and ultra large container vessels.
The yard equipment will include twelve 41-tonne lift rubber tyred container gantry cranes which will accommodate seven rows of containers and one operational lane.
For APSEZ, the new joint venture partnership would allow it to continue to expand its container terminals footprint across India’s coastline.
The latest project would also further augment APSEZ’s existing two container handling locations at Mundra and Hazira along with its already announced two container terminals to be constructed at Ennore in Chennai and Dhamra in Odisha.
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