CMA CGM and Adani sign for 4th terminal in Mundra

CMA CGM through its subsidiary CMA terminals, has signed a joint-venture agreement with Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer to develop a new common-user container terminal at Mundra Port that will become the fourth in Mundra with a handling capacity of 1.3m teu.

The transaction is subject to approvals from the regulators.

Construction will be initiated immediately, with the facility being completed in a record 24 months to make Mundra India’s largest container port, with a total handling capacity reaching 5.5m teu.