JSW Infrastructure to invest Rs300 crore to develop its first container terminal

JSW Infrastructure has signed a Concession Agreement with New Mangalore Port Trust (NMPT) to develop and operate its first container terminal project at the port for 30 years. JSW Infrastructure is investing nearly Rs300 crore to develop the container terminal which will have a capacity of 400,000 TEUs. As part of the proposed investment, JSW Infrastructure will undertake mechanisation 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 9000 TEUs. It will have a backup storage area of 15.5 hectares for storage of container.

Commenting on the development Arun Maheshwari, Joint MD & CEO, JSW Infrastructure said, “Container terminal at NMPT will enable us to expand our footprints in container segment and diversify our cargo mix. We expect to commission the terminal by mid of next year. It will play a key role in economic development of NMPT and the entire region expanding upto Mysore, Hassan and Bengaluru.”