JSW Infra to invest Rs 300 crore to develop its first container terminal

The container terminal will have a quay length of 350 meters and accommodate vessels up to 9000 TEUs. It will have a backup storage area of 15.5 hectares for storage of container

JSW Infrastructure, part of the $14 billion JSW Group, has signed a concession agreement with New Mangalore Port Trust (NMPT) to develop and operate its first container terminal project for 30 years.

The Mumbai-based company is investing nearly Rs 300 crore to develop the container terminal, which will have a capacity of 400,000 TEUs.

As part of the proposed investment, unlisted JSW Infrastructure will undertake mechanization of Berth No-14 for handling containers and other cargo on Design, Build, Finance, Operate and Transfer (DBFOT) basis.

The container terminal will have a quay length of 350 meters and accommodate vessels up to