Port of Melbourne sale potentially worth billions
Joint venture to develop a 4th box terminal at Mundra in India.
Spanning an area of 27 ha, the state-of-the-art container facility, with an annual capacity of 1.3m teu, will be able to accommodate the world’s largest ocean carriers with its 650 m quay and 16.5 metres draught.
Construction work for the terminal, representing CMA CGM’s first investment in the Indian ports sector, will begin immediately and is expected to be completed within just 24 months.
On completion, Mundra’s capacity will be enhanced to 5.5m teu to become India’s largest container port.
Mundra’s fourth container terminal will be equipped with four rail-mounted gantry cranes, the largest of their kind in India, and 12 rubber-tyred gantry cranes.
Gautam Adani, chairman of the Adani Group, which owns the Indian port developer APSEZ, said: “This new container terminal will be an absolutely world class facility.
“It will stimulate the growth of cargo benefiting our customers whilst helping to accelerate the industrial development over the vast hinterlands that Mundra provides access to.”