The surface transport ministry has cleared the setting up of an Rs 700 crore container terminal at the Jawaharlal Nehru Port (JNPT). A consortium led by P&O Ports of Australia will execute the project on a build, operate and transfer (BOT) basis.
This is first major port project envisaging private investment on BOT basis. The terminal will have two berths. The lease period is 30 years. Other members of the consortium are Konsortium Perka-plan Behad ( Malayasia) and DBC Port management Pvt Ltd. The consortium will invest Rs 700 crore in six months.
After the commissioning of the project, the terminals handling capacity is expected to double to over one million TEUs (twenty tonne equivalent units).
The project envisages a quay length of 600m and a new container yard of 20 ha. It will have a minimum of six quayside container handling cranes.
