As part of the agreement, the venture also has the option to extend it twice for 10 more years.
The two partners have completed the CT4 project three months ahead of schedule making Mundra Port the largest container-handling port in the country.
CT4 will be the only container terminal on the west coast of India where the world’s largest container ships can call.
“This strategic partnership with CMA CGM in the container terminals business brings significant value to Mundra port,” said Karan Adani, ceo, APSEZ.
“With this new development, Mundra port is perfectly primed to set the bar even higher on the crucial parameters of efficiency, productivity and faster turnaround times for larger vessels, which will directly translate into competitive advantages for our customers.”
CT4 has four units of 65 tonnes capacity of rail mounted quay cranes capable of handling 18,000 TEU vessels and super post and ultra large container vessels and an annual capacity of 1.3mn TEUs.
The terminal spans over 27 hectares, with a 650m long quay and a draft of 16.5m. 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.
This new investment adds to the 27 container terminals that CMA CGM has in its portfolio.