Adani Ports & Terminal Investment to jointly develop a major transhipment hub at Mundra
Adani Ports & SE Z Ltd (APSEZL), part of the Adani Group, will expand its existing terminal Adani International Container Terminal Private Limited (AICTPL) at its flagship Mundra port, the company said in its press release. AICTPL is a 50:50 JV with Terminal Investment Ltd, an arm of Swiss - based Mediterrane an Shipping Company S.A, the second largest shipping liner in the world. The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India.
Upon completion, AICTPL will emerge as India’s largest container terminal with a total quay length of 1,460 meters and cargo handling capacity of 3.1 million TEUs. It will be e quipped with 15 super post panamax quay cranes, capable of handling 18,000 TEU container vessels at the terminal. The expansion of AICTPL will positio n Mundra as the major transshipment hub in the country providing congestion free and cost effective solution. Construction has already commenced and the terminal will be commissioned in 15 months.
