Wednesday, 5 November 2014

Adani Group lays foundation stone for Adani Ennore Container Terminal

Adani Ports & SEZ Ltd, India's largest port developer and part of Adani Group, announced that Minister for Transport and Rural Development (Road Transport, Highways, and Shipping) Mr. Nitin Gadkari, had laid the foundation stone for the INR. 1,270 crore container terminal at Kamarajar Port (Ennore) on Monday, 3rd November 2014.
The company has entered into a 37% revenue sharing agreement with the Port management for this project and this is considered to be one of the highest in the industry in the recent times. The terminal, which will be constructed in two phases, is expected to be commissioned in March 2016.
Kamarajar Port's Chairman and Managing Director M.A. Bhaskarachar said that while ADANI Ennore Container Terminal Pvt. Ltd, company floated by Adani Ports and SEZ Ltd, will invest INR. 1,270 crore to construct berths and procure equipments, the Port will invest around INR. 300 crore in dredging and to create rail and road networks. He added that the terminal which will come in 36.5 hectares of land will have two berths and first one will be ready in 24 months, while the second berth will be ready in 27 months. On completion, it will be a 730 meter terminal, with 31.5 hectares of back area, and capable of handling 1.4 million TEUs annually. It will be South India's first e-terminal and all-electric facility, offering paper-less operations and direct linkage with CFS and lines through Web Access and Automatic Gates, allowing seamless transit from CFS to the container yard. 
Speaking on the occasion, Mr. Gautam Adani, Chairman, Adani Group, said, “We are very pleased to have Shri. Nitin Gadkari lay the foundation stone for Adani Ennore Container Terminal. This new container terminal will be a world-class facility, comprising of the latest technology & equipment, and highly motivated workforce. The resultant operational efficiency is sure to provide great value to the southern region of India.”
This world-class terminal will initially have four units of 65 tonne capacity Post Panamax Twin Lift Quay Cranes, with three units of 65 tonne capacity Super Post Panamax Twin Lift Quay Cranes added in the second phase. The yard equipment will initially include twelve 41 tonne lift rubber tyred container gantry cranes, which will accommodate seven rows of containers, with nine more cranes added in the second phase.
'We will increase the depth to 20 m, so that bigger vessels can call at Ennore', said Mr. Nitin Gadkari, Minister for Transport and Rural Development (Road Transport, Highways, and Shipping) in his address.
Adani Ports & SEZ signed the concession agreement to set up this container terminal in March 2014. By successfully commissioning the terminal in March 2016, the company will reiterate its ability to execute large scale infrastructure projects in record time, with world-class build quality and exceptional operational efficiency.

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