Concession agreement signed to develop container terminal at Kandla

DP World signed the Tconcession agreement on Friday with Deendayal Port Authority to develop, operate and maintain a new 2.19 million EU per annum Tuna Tekra mega-container terminal at Kandla in Gujarat.
The concession agreement was signed between S. K. Mehta, Chairman of Deendayal Port Authority and Rizwan Soomar, MD & CEO, India Subcontinent, Middle East and North Africa, DP World, in the presence of Sarbananda Sonowal, Honourable Minister of Ports, Shipping and Waterways, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. The concession to develop the mega-container terminal at Tuna-Tekra was awarded 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) in January 2023 by the Deendayal Port Authority, under a Build-Operate-Transfer (BOT) basis for a period of 30 years with an extension option of further 20 years. 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.