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HomeMaritime NewsRegionsAsiaPSA awarded $1.6bn Jawaharlal Nehru mega terminal again

PSA awarded $1.6bn Jawaharlal Nehru mega terminal again

PSA awarded $1.6bn Jawaharlal Nehru mega terminal again
Container terminal operator PSA International has been awarded a 30 year concession for the $1.6bn fourth terminal at India's Jawaharlal Nehru port (JN Port).

PSA today signed the development and operation concession, which includes a 35.79% revenue share with JN Port Trust.

The tender for the 4.8m teu per annum terminal was heavily delayed when in 2012 ABG Ports pulled out of a consortium with PSA that was awarded the contract for the terminal in 2011. The consortium's winning bid in the first tender was a 51% revenue share, but the venture ended with a $1.1m fine for the companies.

The new terminal, Bharat Mumbai Container Terminal (BMCT) will boast berths with a 16.5 m depth, the deepest at JN Port.

"Bharat Mumbai Container Terminals is PSA International's latest port project in India. 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," commented Tan Chong Meng, group ceo of PSA International.

TAGS: Middle East & Africa Containers Finance & Insurance Ports India PSA
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