CMA CGM’s subsidiary CMA Terminals and Adani Ports and Special Economic Zone (APSEZ) have signed a joint venture (JV) agreement to operate a new container terminal at Mundra Port, India, for 15 years.
The agreement to operate the new CT4, which was completed three months ahead of schedule, can be extended twice for ten more years.
The terminal, which will be the only container facility on the west coast of India able to accommodate the world’s largest container ships, has an annual capacity of 1.3m teu.
The new facility, which increases Mundra Port’s container handling capacity to 5.5m teu, covers 27 hectares and has a 650 m quay with a draft of 16.5 m.
The new terminal will include 12 41 tonne lift rubber-tyred gantry cranes (RTGs) able to accommodate seven rows of containers and one operational lane.
The facility will also be equipped with four units of rail-mounted quay cranes with a capacity of 65 tonnes capable of handling super-post-Panamax and ultra-large container vessels (ULCVs).
Karan Adani, CEO of APSEZ, said: “This is a notable milestone for us, as with the commissioning of this terminal, Mundra port will become India’s largest container-handling port.
“Mundra port continues to be conscious of its environmental responsibilities and has installed world class equipment, which vastly reduces air and noise pollution.”
The new facility represents CMA CGM’s first port investment in India.
Rodolphe Saadé, CMA CGM’s CEO, said: “This joint-venture with Adani Ports reinforces our position in one of the world’s fastest growing economies and highlights our firm belief in the potential growth of trade between India and the rest of the world.”