The project involves the construction of a mega-container terminal at Tuna-Tekra
The concession agreement was signed between SK Mehta, Chairman, Deendayal Port Authority and Rizwan Soomar, MD & CEO, India Subcontinent, Middle East and North Africa, DP World.
It was signed in the presence of Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, at a ceremony in New Delhi.
BOT model
The Deendayal Port Authority awarded the concession in January to develop the mega-container terminal to Hindustan Infralog Private Limited — a joint venture between DP World and National Investment and Infrastructure Fund, India’s collaborative investment platform anchored by the Government of India. The concession is on a Build-Operate-Transfer (BOT) basis for a period of 30 years with the option to extend it for another 20 years.
The project involves the construction of a mega-container terminal at Tuna-Tekra near the existing Deendayal Port, at a cost of approximately US$ 510mn through a Public Private Partnership (PPP).
Once complete in 2027, the 2.19 million TEU per year terminal will have state of the art equipment and a 1,100 m berth capable of handling next-generation vessels carrying more than 18,000 TEUs.
Hinterland
The terminal will connect to the hinterland through the network of roads, highways, railways and Dedicated Freight Corridors, supporting the growing demand for logistics solutions from across Northern, Western and Central India, connecting businesses in the regions to global markets.
DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Cochin and Chennai – with a combined capacity of approximately 6 million TEUs. With the addition of Tuna Tekra, DP World will have a combined capacity of 8.19 million TEUs.
The project is part of the National Infrastructure Pipeline and will complement initiatives of the Government of India, such as the PM Gati Shakti Master Plan and National Logistics Policy.
Breakthrough
“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,” observed Sonowal.
“The Tuna-Tekra mega- terminal will be one of the largest container terminals to be set up in the country,” remarked SK Mehta.
Trade opportunities
“This project 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,” stated Sultan Ahmed Bin Sulayem.
“This project is a testament to our ability to drive large-scale infrastructure development by partnering with strategic players,” stated Rajiv Dhar, CEO and Managing Director, National Investment and Infrastructure Fund.
