Logistics DP World among bidders for $84m Indian port upgrade By Pramod Kumar September 19, 2024, 5:14 AM Wam DP World is already investing $3bn in new ports, terminals and economic zones in India’s western state of Gujarat DP World is among the bidders to develop and upgrade a port in India’s eastern state of West Bengal, according to a media report. Indian conglomerate Adani is also in the running, The Telegraph, an Indian newspaper, reported The private-public-partnership project involves reconstructing one berth and mechanising two berths at Netaji Subhas Dock, Kolkatta, for an estimated investment of INR7 billion ($84 million). Additionally, the project involves installing a rail-mounted quay crane for faster container cargo handling. DP World profit falls 60% amid Red Sea disruption DP World’s London Gateway to become UK’s largest seaport DP World hits out at Djibouti after latest court victory Rathendra Raman, chairman of SMPK, said that the tender will be awarded once the security clearance is received from the federal government. The 30-year concession, based on a design, build, finance, operate and transfer model, will be awarded to the highest bidder, he said. The new facility will increase the capacity to 800,000 TEUs (twenty-foot equivalent units), up from 500,000 TEUs, with a completion timeline of two years, the news report said. In January, Dubai-based DP World said it plans to invest $3 billion to develop new ports, terminals and economic zones in India’s western state of Gujarat over the next three years. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
