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DP World invests $81.74m in Indian container terminal project
- United Arab Emirates: Sunday, January 27 - 2013 at 05:22
Dubai Government-owned DP World, the world's fourth-largest port operator, is set to make an equity investment of $81.74m in the recently awarded container terminal project at Jawaharlal Nehru Port, The Hindu has reported. India's Foreign Investment Promotion Board has approved the investment proposal of Hindustan Ports, a company newly constituted in India by DP World, to implement the project. The concession agreement is expected to be signed by the end of this month. The 330-metre berth will have the capacity to handle 800,000 TEUs per annum, which could be raised to one million TEUs, with better equipment and deeper draught.
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