The planned site is on an 800 m wide land corridor in eastern Gujarat, next to the two primary transport routes from Delhi to Mumbai – National Highway 8 and the main north-south rail line, which carries the highest volume of freight traffic in India.
Eredene is making the investment through an existing special purpose vehicle (SPV) together with an established industry partner. The partner has acquired more than 70 acres of land, which will be transferred to the SPV, and is also in the process of purchasing a substantial tranche of adjacent land. The site will have 2,000 m parallel to the railway line – sufficient to berth a full-length freight train – and there will also be access to the adjacent national highway. There is no similar depot in eastern Gujarat.
Commenting on the investment, Alastair King, founder and chief executive of Eredene, said: “The Eredene Group has made two investments in container freight stations at Indian ports, and this new investment in an inland container depot is a significant progression in our strategy of investing in the core transport and logistics infrastructure that India needs to sustain and support its rapid economic growth.”