Hague-based APM Terminals, part of
APMoller-Maersk Group - which formally took over Gujarat Pipavav Port has
proposed to double its box terminal capacity to one million TEUs by 2008
and develop a new container berth of 350 metres.
APM Terminals took full management
control of the 800 acre port in May 2005, soon after which it signed an MoU with
the Gujarat government for investing Rs.1,000 crore over the next three years
and Rs.4,336 crore more up to 2014.
The total shareholding of the APM
Group in the venture is 56.31 per cent, with the rest held by domestic and
overseas institutional investors.
Also see:
Gujarat
Pipavav to undertake expansion (20-Jan-05)