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FINANCIAL NEWS
India awards Dubai’s DP World USD200m port contract
02 Nov 2012
(MENAFN) DP World Limited stated that it has been awarded a USD200 million contract from Jawaharlal Nehru Port Trust and the Government of India to set up and operate a single berth terminal, reported Arabian Business.
The Dubai-based firm said that the facility would be located alongside its existing terminal operation at Nhava Sheva, Mumbai, and would start operations in 2015.
The world’s third-largest port operator noted that it will establish a container terminal of 330 meters quay length and 17 hectares of yard, which will have a handling capacity of 800,000 TEUs (twenty foot equivalent container units) on annual basis.
It added that the new quay has been awarded for a 17-year concession period, and will be equipped with 4 rail mounted quay cranes and 12 rubber tired gantry cranes.
It is worth noting that DP World operates 5 Indian terminals at the current time, including Chennai, Mundra, Nhava Sheva, Visakhapatnam and Cochin.
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