CMAT and J M Baxi secure tender for Indian container terminal privatisation
6 August 2022CMA CGM Group subsidiary CMA Terminals (CMAT) and J M Baxi Group’s unit J M Baxi Ports & Logistics have secured a tender for the privatisation of Jawaharlal Nehru Port Container Terminal (JNPCT) in India.
The joint venture (JV) partners will form a new entity, called Nhava Sheva Freeport Terminal, for the development of the multi-user terminal on the Indian west coast.
CMAT and J M Baxi Ports & Logistics will each own a 50% stake in the terminal.
As part of the 30-year concession agreement with Jawaharlal Nehru Port Authority (JNPA), the partnership will upgrade, operate and maintain Jawaharlal Nehru Port, as well as develop a 15m-deep drafted container terminal.
Under the deal, Nhava Sheva will acquire JNPCT’s 680m quay length and 54ha yard and expand its capacity up to 1.8 MTeus by upgrading the equipment, yard and systems.
A rail freight corridor linking the terminal to key production and consumption centres in India will further expand the intermodal connectivity of Nhava Sheva’s terminal.
With 20 branch offices across India and a combined workforce of 7,528, CMA CGM Group has carried out operations in India for more than 33 years.
Separately, the Kolkata port in the Indian state of West Bengal is set to begin four trial runs for cargo movement prior to an agreement to use the Chittagong and Mongla ports of Bangladesh, reported the Press Trust of India.
Kolkata port will conduct trials on routes that include Mongla to Tamabil, Tamabil to Chittagong, Chittagong to Sheola, and Mongla to Bibirbazar.
Related
-
Agreement Signed For 250MW Solar Plant In Botswana
18 April 2024
-
LAMATA in talks to extend Lagos Metro Blue Line
18 April 2024
-
Eskom launches tender to build 75 MW solar project at coal plant
18 April 2024
-
Oman LNG signs sales and purchase pact with a Japanese firm
18 April 2024
-
Alstom awarded new contract to elevate Jeddah Airport’s Innovia automated people mover (APM) system
18 April 2024
-
Dubai South awards $408.4 Million contract to Al Kharafi construction for south bay new phases
18 April 2024