JNPT to develop Rs 2000cr terminal for liquid cargo
As part of its expansion plans, Jawaharlal Nehru Port Trust will invest Rs 2,000 crore to set up a marine terminal mainly catering to liquid cargoes like oil, acids and cleaning compounds.
June 24, 2013 / 11:29 IST
As part of its expansion plans, Jawaharlal Nehru Port Trust will invest Rs 2,000 crore to set up a marine terminal mainly catering to liquid cargoes like oil, acids and cleaning compounds.
The port in a presentation to the ministry said it will develop a marine terminal for liquid cargoes.HPCL, BPCL, IOC's losses to widen 50% in FY13 on weak rupeeAt present, there is a twin berth liquid cargo terminal of Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) with a capacity of 5.5 million tonnes per annum, at JNPT. It will enhance this quantity to 30 million tonnes per annum.L&T Ramboll is designing and doing the project management consultancy and have submitted the draft Detailed Project Report (DPR), the data said.JNPT has also appointed URS Scott Wilson and Howe as consultant to carry out feasibility study and to prepare DPR for setting up a mega container terminal near Nhava island, according to the presentation.Last week, JNPT signed a concession agreement with Nhava Sheva Gateway Terminal, a subsidiary of DP World of Dubai, for development of standalone container handling facility at JN Port, Navi Mumbai, Maharashtra.As per the PPP (public private partnership) policy of the government, JNPT floated a global tender and DP World was the successful bidder for the project.DP World formed a special purpose vehicle -- Nhava Sheva Gateway Terminal -- to implement this project.JNPT currently handles 44 percent of the country's container cargo.The fiscal ending March 2013 saw cargo handled by the 12 major ports to 545 million tonnes, from 561 million tonne in 2011-12. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
