New Delhi- The concession settlement ceremony was graced by the august presence of Shri Sarbananda Sonowal, Hon’ble Union Minister for Ports, Shipping & Waterways and AYUSH; His Excellency Sultan Ahmed Bin Sulayem, Group Chairman & CEO, DP World; Shri Shripad Naik, Hon’ble Minister of State for Ports, Shipping & Waterways and Tourism; Shri Shantanu Thakur, Hon’ble Minister of State for Ports, Shipping & Waterways; Shri T.Ok. Ramachandran, Secretary to the Govt. of India, MoPSW and different Senior officers of MoPSW and DP World. The Agreement was signed between Shri S.Ok. Mehta, IFS, Chairman, Deendayal Port Authority and Shri Rizwan Soomar, MD & CEO, DP World SCO & MENA in New Delhi on twenty fifth August 2023.

The concession to develop the Mega-Container Terminal at Tuna-Tekra, Kandla, Gujarat was awarded to DP World in January 2023 by the Deendayal Port Authority, underneath the Build-Operate-Transfer (BOT) foundation for a interval of 30 years with an extension choice an extra 20 years.

The challenge includes the development of a Mega-Container Terminal at Tuna-Tekra, a satellite tv for pc facility at Deendayal Port, via a Public Private Partnership (PPP). The terminal is anticipated to begin operations by early in 2027. Once full, it should embody a 1, 100m berth able to dealing with next-generation vessels carrying greater than 18, 000 TEUs with none pre-berthing detention for need of the tide and could have a complete capability of two.19 million TEUs per Annum.

The new terminal will cater to the longer term requirement of the hinterland throughout northern, western and central India, and additional strengthen commerce by connecting companies from these areas to worldwide markets. The challenge will likely be part of the National Infrastructure Pipeline and can complement initiatives of the Government of India, such because the PM Gati Shakti Master Plan and National Logistics Policy. It can be aligned with the Indian Government’s Vision 2047, which goals to quadruple the nation’s port dealing with capability and efforts in the direction of creating multimodal logistics infrastructure selling financial progress.

Speaking on the event, the Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal mentioned, “The signing of the concession agreement between Deendayal Port Authority and DP World is a momentous event indeed as it marks yet another significant breakthrough in building best-in-class infrastructure in India under the Public-Private Partnership model. The Project aligns with our Hon’ble Prime Minister’s Amrit Kaal Vision 2047 and would quadruple port handling capacity and develop multimodal logistics infrastructure to promote economic growth. Once operational, the terminal will play an important role in the government’s ambitious vision to make India an ‘Exports Hub’ as also support the creation of direct and indirect employment in various sectors such as transportation, distribution and supply chain”.

The new terminal will cater to the longer term requirement of the hinterland throughout northern, western and central India, and additional strengthen commerce by connecting companies from these areas to worldwide markets. The challenge is a part of the National Infrastructure Pipeline and can complement initiatives of the Government of India, such because the PM Gati Shakti Master Plan and National Logistics Policy. It can be aligned with the Indian Government’s Vision 2047, which goals to quadruple the nation’s port dealing with capability and efforts in the direction of creating multimodal logistics infrastructure selling financial progress.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, mentioned: “We are honored to partner with Deendayal Port Authority in developing this new Mega-Container Terminal at Tuna-Tekra. It will enable DP World to deliver trade opportunities, by connecting Northern, Western and Central India with global markets, thereby driving value for all our stakeholders. India represents a significant landscape for opportunity. The signing of this concession agreement marks another milestone in our collective efforts with the National Investment and Infrastructure Fund to leverage DP World’s expertise in logistics infrastructure and local knowledge to strengthen India’s supply chain to support the growth of Trade and Industry.”

The new terminal will likely be constructed and geared up with most trendy amenities and tools over an space of roughly 63.4 Hectares. The terminal will likely be nicely related to the hinterland via the community of roads, highways, railways and the Dedicated Freight Corridors.

The Mega Container Terminal at Deendayal Port, positioned strategically on the western coast of India, is a testomony to the nation’s dedication to enhancing its maritime infrastructure.

This state-of-the-art terminal is poised to change into a key hub for worldwide commerce and can contribute considerably to India’s financial progress.

The Project shall not solely carry a brand new period of Mega Container dealing with at Deendayal Port at Kandla, but in addition have an enormous optimistic affect on economical & social state of affairs of the Kutch district and Gujarat area at massive.

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