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Gujarat

DP World, Deendayal Port Authority to develop Rs 4,243 cr cargo terminal in Gujarat

by TLAteam August 26, 2023August 26, 2023
written by TLAteam August 26, 2023August 26, 2023
DP World, Deendayal Port Authority to develop Rs 4,243 cr cargo terminal in Gujarat

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.

Business News

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).

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