APM Terminals (APMT) has completed its capacity expansion project at Port Pipavav in Gujarat, India, a local newspaper reported.
The expansion of APMT Pipavav, also known as Gujarat Pipavav Port, increased the facilities’ container handling capacity by 59% from 850,000 teu to 1.35m teu.
The expansion project, which was worth a total of Rs. 400 crore (US$60m), included dredging, the purchase of three new ship-to-shore (STS) cranes and upgrading existing berths.
The investment, which reportedly also included the addition of new container yard space and enhancement of internal roads at the facilities, is expected to increase efficiency and productivity in the port operations.
According to The Hindu BusinessLine, five additional berths are “likely” to be added to the facilities in the course of the next three years.
The expansion of APMT Pipavav is expected to help the facilities be “future-ready” in view of a potential shift of domestic cargo from road to sea following the Indian government’s recent announcement of planned incentives for coastal shipping.
The incentives are part of the Indian government’s Sagarmala project, a port-led development scheme aiming to promote the development of coastal states and upgrade infrastructure to transport goods via ports in a quicker and more cost-efficient way.
APMT Pipavav is the largest shareholder in Port Pipavav, holding a 43 % stake.