CMA CGM Group said today it has signed an agreement for the development of a new common user Container Terminal at Mundra Port with Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer and part of Adani Group.
This will be the 4th Container Terminal in Mundra and will be a 650-meter terminal covering 27 hectares of back area capable of handling 1.3 million TEUs annually.
The construction phase will be initiated immediately and completion will be in a record 24 months, CMA CGM explained.
The project comprises the design and construction of 650 meters jetty with a water depth of 16.5 meters.
The terminal will initially have four units of 65 tonne capacity of Rail Mounted Quay Cranes capable of handling 18,000 TEU vessels and Super Post and Ultra Large Container Vessels.
The yard equipment will include twelve 41 tonne lift rubber tyred container gantry cranes which will accommodate seven rows of containers and one operational lane.
For CMA CGM, Mundra Container Terminal is the group’s first port investment in India.
This new investment adds to the 27 container terminals that CMA CGM Group has today in its portfolio.
On the other hand, the investment will allow Adani Ports to fulfill its stated vision of handling 200 million metric tonnes of cargo well before the year 2020.
Farid T. Salem, Executive Officer of CMA CGM Group said:
“ CMA CGM has strong ambitions in India. We have already a strong presence in India, through our 24 offices and our 8 direct shipping services. We are convinced our partnership with Adani Ports will significantly reinforce this strategy.
As per the agreement, the transaction is subject to approvals from the regulators as maybe required including the competition commission of India, MoCI and the GMB.
Press Release, July 4, 2014