APM Port invests Rs. 400-cr on expansion

    APM Port
    In an attempt to add to its cargo handling capacity in the port sector at the Pipavav Port, APM Terminals, has invested Rs. 400 crore thereby increasing its container through handling from 850,000 TEUs to 1.35 million TEUs. The investment included buying new STS cranes, strengthening the existing berth, dredging, and the improvement of the container yard and internal roads at the port. In the on-going process, five new berths are being added to the 20-year-old port in the next three years. APM Terminals is a gateway port on the west coast of India for containers, bulk, liquid and allied cargoes for the Indian hinterland and north-western markets, Managing Director, Keld Pedersen, said, adding that it is India‘s first private sector port set up on the PPP mode. The expansion was necessitated by up to 85% utilisation of the existing capacity since last year, and that the investment will increase efficiency and productivity in the port operations, he claimed.
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