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Dubai’s DP World to build JNPT’s Navi Mumbai container terminal

Jawaharlal Nehru Port Trust on Wednesday signed an agreement with Dubai-based DP World for development of a Rs 600-crore container terminal in Navi Mumbai.

'JNPT has signed a concession agreement with Nhava Sheva Gateway Terminal, a subsidiary of DP World of Dubai, for development of standalone container handling facility at JN Port, Navi Mumbai, Maharashtra,' JNPT Chairman, N N Kumar said at a conference here.
As per the PPP (public private partnership) policy of the government, JNPT floated a global tender and DP World was the successful bidder for the project.

DP World formed a special purpose vehicle—Nhava Sheva Gateway Terminal — to implement this project.JNPT currently handles 44 per cent of the country's container cargo.

'Under the agreement, the terminal will be developed by the concessionaire at an estimated cost of Rs 600 crore,' an official statement by JNPT said.

The project would be executed on DBFOT (Design, Build, Finance, Operate and Transfer) basis.The concession document was exchanged between Shipping Minister G K Vasan and Sultan Ahmed Bin Sulayem, Chairman of DP World.

'JNPT is the first major port of the countryto lead its way in showing the benefits of PPP projects,' G K Vasan Shipping Minister said here.
The new 330 metre berth with 27 hectares of yard will add 8,00,000 TEUs (twenty foot equivalent container units) of container capacity and help ease congestion at Jawaharlal Nehru Port Trust.

'With a 17 year concession period, we are investing for the long term and we look forward to continuing to work with JNPT in the future,' Sultan Ahmed Bin Sulayem, Chairman of DP World said.
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