APM Terminals, one of
the largest container terminal operators in the world, with presence in 65 key
locations globally, today signed a Memorandum of Understanding (MoU) with
Jawaharlal Nehru Port Authority (JNPA) on
development of a new container terminal at the proposed mega port project at
Vadhavan in Maharashtra. The MoU aims
at initiating willingness and co-operation for development of upcoming Vadhavan
Port. Located on the west coast at about 150 kms north of Mumbai, Vadhavan Port
is expected to be an ambitious and important port project, undertaken by the
Government of India. It has natural draft of about 20 metres and will have easy
connectionsto the National Highway Road network and the Dedicated Freight
Corridor (DFC) rail network. The project is being implemented through an SPV
between JNPA and Maharashtra Maritime Board, who will develop and construct the
primary infrastructure. APM Terminals currently operates two important
infrastructures in India located at Pipavav and Nhava Sheva.
The signing of MoU
took place on the side of Vibrant Gujarat Global Summit 2024 in the presence of
Honourable Minister of Ports, Shipping & Waterways and AAYUSH, Shri
Sarbananda Sonowal and Global Chief Executive Officer of APM Terminals, Mr.
Keith Svendsen. Shri Unmesh Sharad Wagh [IRS], Chairman In Charge, JNPA and Mr.
Jonathan Goldner, Regional Managing Director APM Terminals Asia Middle East
signed the Memorandum of Understanding.
Mr. Jonathan Goldner,
Regional Managing Director APM Terminals Asia Middle East said, “In recent
years, APM Terminals has made significant investments at both the existing
facilities in India and deliveringworld class services. We are excited to
partner with JNPA in exploring opportunity to develop the project at Vadhavan.
We believe that the location of Vadhavan combined with our ability to build and
operate leading ports in the world, creates an attractive opportunity to
support the growth of the local manufacturers, exporters, importers, and the
regional economy in general.Theinvestment will enable in driving local economy
by creating job opportunities for the locals.â€
Expressing his
enthusiasm for this strategic partnership, Mr. Unmesh Sharad Wagh IRS,
Chairman In Charge, JNPA, remarked, “We are delighted to announce the
signing of the Memorandum of Understanding between Jawaharlal Nehru Port
Authority (JNPA) and APM Terminals, marking a significant milestone in the
development of the Vadhavan Port Project. The Vadhavan Port, situated
strategically on the west coast, holds immense potential to emerge as a key
player in global trade. The signing of this MoU at the Vibrant Gujarat Global
Summit 2024 reflects the strong support of the Government of India and our
determination to make Vadhavan Port one of the 10 largest ports globally. Once
completed, Vadhavan Port will not only contribute to the growth of the local
economy but also position itself as a green fuel hub, embodying sustainability
in every aspect. We welcome APM Terminals as a partner in this ambitious
venture."
The proposed Vadhavan
port is a top priority project for the Government.
To be developed at the cost of US$ 10+ billion [Rs.76220/- crores],the port
will have capacity to handle annual cargo of 23 million TEUs/ 254 million Tons.
The port,with natural draft of 20 meters will be able to cater to the larger
container vessels of 20,000 TEUs. The project once completed will be one of the
10 largest ports globally and will act as a green fuel hub.