Global logistics player DP World and Deendayal Port Authority will invest around Rs 4,243 crore to develop a greenfield cargo terminal facility in Gujarat.
The project involves the construction of a mega-container terminal at Tuna-Tekra in Kandla near the existing Deendayal Port, at a cost of Rs 4,243.64 crore (USD 510 million) through a Public Private Partnership (PPP).
To implement the plan, DP World and Deendayal Port Authority signed a concession agreement on Friday to develop the facility which will have an annual capacity of 2.19 million twenty-foot equivalent units (TEU).