DP World Limited DP World Wins JNPT (Mumbai) Terminal Project (0792Q)
November 01 2012 - 5:35AM
UK Regulatory
TIDMDPW TIDM50PC
RNS Number : 0792Q
DP World Limited
01 November 2012
DP WORLD WINS TERMINAL PROJECT AT JAWARHARLAL NEHRU PORT,
MUMBAI
New investment will add 800,000 container capacity and help ease
congestion for customers
Mumbai, India, Dubai, UAE Wednesday 1 November 2012 - DP World
Limited today announces that it has received the Letter of Award
from Jawaharlal Nehru Port Trust, Government of India, to build and
operate a single berth facility of 330 metres quay length alongside
its existing terminal operation at Nhava Sheva, Mumbai. The new
facility is expected to be operational in 2015.
DP World will be investing approximately $200m to build a
container terminal of 330 metres quay length and 17 hectares of
yard which will have an annual handling capacity of 800,000 TEUs
(twenty foot equivalent container units) and draft of 13.5 metres.
The new quay has been awarded for a 17 year concession period and
will be equipped with 4 rail mounted quay cranes and 12 rubber
tyred gantry cranes.
Mohammed Sharaf, Group Chief Executive Officer, DP World said,
"We thank the Government of India and the Jawaharlal Nehru Port
Trust for awarding us this project. India is one of our most
important markets and we are committed to supporting its growth
over the long term. We currently operate five Indian terminals
(Chennai - Mundra - Nhava Sheva - Visakhapatnam - Cochin), and our
Asia Pacific and Indian Subcontinent region was the main driver of
our volume growth in the first six months of 2012, reporting a
12.1% increase in volumes to 13.3 million TEU."
Anil Singh, Senior Vice President and Managing Director, DP
World Subcontinent said, "We are extremely pleased to receive the
award for the 330 metre project. Timely capacity on the west coast
of India is critical to our country's economic growth. JNPT is
India's largest trade gateway and additional port capacity will
ease the congestion concerns of the shipping community. We look
forward to working with Jawarharlal Nehru port on the project to
continue to service India's trade as the premier gateway."
- ENDS -
Investor Inquiries
Fiona Piper
Investor Relations
DP World Limited
+44 207 901 4142 (UK direct)
+44 7919175602 (UK mobile)
Media Inquiries
Sarah Lockie
Corporate Communications
DP World Limited
+971 48080835 (UAE Direct)
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