JSW Infra plans to ramp up the capacity of central government owned New Mangalore port’s container terminal by investing Rs3,000mn ($42mn) in the coming days.
The deal is signed for 30 years of operation wherein JSW Infra will also invest mechanisation of Berth no 14 for handling containers. It will handle the cargoes on a design, build, finance, operate and transfer (DBFOT) basis.
The commencement of terminal operations is likely to begin by mid-2021. With this move, the company targets to achieve 200mn mt of cargo handling capacity over the years and diversify its cargo-mix
The deal would help to increase efficiency; reduce the cost of production and enable handling of bigger vessels at NMPT which connect to the prime destinations worldwide.
NMPT can handle about 150,000 TEUs (twenty foot equivalent unit) annually. The company anticipates its handling capacity to double after the commencement of operations in the first year.