Link final Feb 2016 | Page 10

Ports News PORTS ADANI PORTS & TERMINAL INVESTMENT TO JOINTLY DEVELOP A MAJOR TRANSHIPMENT HUB AT MUNDRA To further expand and develop Adani International Container Terminal Pvt Ltd • Mundra Port to emerge as a major transhipment hub catering to Middle East, South Asia & India region • With this expansion, Mundra will become India’s largest Container Port with a cumulative handling capacity of 6.6 million TEU through its 4 terminals spread over ~146 Hectares • AICTPL will become India’s largest container terminal with a berth length to 1,460 metres & handling capacity of 3.1 million TEUs • The expanded terminal will be commissioned in 15 months. in achieving our vision of handling 200 Million Metric Tonnes of annual cargo by 2020,” Mr. Diego Aponte, CEO and President of MSC, said, “We are pleased to partner with Adani on this terminal development and the expansion of AICT. We are confident that Mundra The expansion of AICTPL will will become a major transhipposition Mundra as the ma- ment hub within South Asia.” jor transshipment hub in the country providing congestion The expansion will also exclufree and cost effective solution. sively position Mundra as the Adani Ports & SEZ Ltd (APSE- Construction has already com- largest Container Port in the ZL), part of the Adani Group, to- menced and the terminal will country with 4 state of the art day said it will expand its exist- be commissioned in 15 months. container terminals having a cumulative handling capacity of ing terminal Adani International Container Terminal Private Speaking on the occasion, Mr 6.6 million TEUs, spread over an Limited (AICTPL) at its flagship Karan Adani, Chief Executive area of approx. 146 Hectares. Mundra port. AICTPL is a 50:50 Officer, Adani Ports & SpeJV with Terminal Investment Ltd, cial Economic Zone Limited, Mundra Port already enjoys the an arm of Swiss-based Mediter- said, “We are pleased to take coveted reputation of being the ranean Shipping Company S.A, our partnership with MSC to larg \