Develop Operate Its Tender

Project Location KarnatakaProject Background The Sajjan Jindal-led JSW Infrastructure Ltd has signed a concession agreement with New Mangalore Port Trust NMPT to develop and operate its first container terminal project at a major Central government-owned port.JSW Infra quoted a royalty of 951 per twenty-foot equivalent unit TEU for a 400000 TEU capacity terminal to be run from Berth No 14 at NMPT on a 30-year contract with an investment of about 300 crore. A concession agreement sets out the terms and conditions of a port contract and puts the project in motion.The deal involves the mechanisation of Berth No 14 for handling containers and other cargo on a design build finance operate and transfer DBFOT basis. The container terminal will have a quay length of 350 metre and accommodate vessels of up to 9000 TEUs. It will have a backup storage area of 15.5 hectares for containers. This concession agreement with NMPT is part of our strategic direction to achieve 200 million tonnes per annum mtpa cargo handling capacity over the next couple of years said Arun Maheshwari Joint MD and CEO JSW Infrastructure. The container terminal at NMPT will enable us to expand our footprint in the container segment and diversify our cargo mix. We expect to commission the terminal by the middle of next year.Besides the new rule guarantees a raise of as much as 15 per cent on the WPI-indexed reference rate set upfront at the beginning of the contract by TAMP during each year of the 30-year contract if the terminal operator complies with certain performance standards.