The Syama Prasad Mookerjee Port, Kolkata (SMPK), on Monday signed a 30-year concession agreement with JSW Infrastructure Ltd for a Rs 740-crore project. The agreement provides for reconstruction of berth 8 and installation of rail-mounted quay cranes (RMQC) at berths 7 and 8 at Netaji Subhas Dock under the Kolkata Dock System, to enable faster container cargo handling, supported by a 25-acre backup area, a statement said. The concession has been awarded for 30 years, with the terminal projected to handle 5 lakh TEUs annually, it said. SMPK Chairman Rathendra Raman said the project reflects the port's commitment to strengthening infrastructure and trade facilitation in line with the Centre's vision of world-class ports. The signing ceremony was attended by Raman, Deputy Chairman Samrat Rahi, senior officials of the Kolkata Dock System and representatives from JSW Infra Ltd, including Director Devki Nandan.
JSW Infrastructure has acquired an 86-acre brownfield rail siding in Ballari, Karnataka, to set up a multi-modal logistics park with an investment of Rs 380 crore
Adani Ports, JSW Infra gain: Going forward, thrust of the Indian govt on augmenting multimodal connectivity, planned capex for enhancing ports capacity and rising coastal volumes augur well for ports.