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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