A consortium of J M Baxi Ports and Logistics, and CMA Terminals has secured a contract for expansion of Jawaharlal Nehru Port Container Terminal at an investment of Rs 872 crore.
The Jawaharlal Nehru Port has five terminals and Jawaharlal Nehru Port Container Terminal (JNPCT) is the only one that is self-operated.
Of the remaining four terminals, two are operated by Dubai government-owned DP World, one by PSA International and another by APM Terminals Management.
With the takeover of JNPCT, JPNT in Maharashtra will become the country's first major port to become a 100 percent landlord port with all its berths being operated on Public Private Partnership (PPP) mode.
For the JNPCT tender, J M Baxi Ports and Logistics JV, and CMA Terminals offered a royalty price of Rs 4,520 per TEU for the concession period.
The contract period for the project is for 30 years. The concession agreement for the JNPCT will be signed on 27 July 2022.
The Phase-I of the project will be completed in 18 months from the date of award of the concession agreement. The Phase-I will see an investment of Rs 591.99 crore.
The development of Phase-II will commence after achieving 1.02 million TEUs or seven years, whichever is earlier. Phase-II is to be completed within 18 months at an investment of Rs 280.17 crore.