$90 million to be invested to build increase bulk cargo handling capacity

APM Terminal Pipavav will invest over US $ 90 million to build a new liquid berth at the port. The port can now accommodate 2 MMT of liquid bulk.

The port’s ability to handle liquid bulk cargo will rise to 5.2 MMT with the addition of the new berth.

The new berth’s construction is subject to receiving the relevant regulatory and other permits.

GirishAggarwal, Managing Director of APM Terminals Pipavav, commented on the new capex plan, saying, “This investment underlines our commitment to providing world-class facilities and services to our customers. By enhancing trade and commerce, its growth is anticipated to have a favourable effect on Gujarat’s economy.

He further added, “As the Dedicated Freight Corridor (DFC) becomes operational and the government emphasizes the use of railways for cargo transportation, APM Terminals Pipavav is well-positioned to solve customers’ needs for sustainable, quicker, and cost-efficient movement of goods from our port.”

APM Terminals Pipavav is one of the few ports in India that has LPG rail siding within the port that can accommodate full train carrying approx. 1200 MT of LPG cargo.

 

Site Moved. Visit our New Website

We have moved this news site from this URL to https://www.newprojectstracker.com/capex-news .

Visit this site for regular updates

Buy Latest Research Reports

Jayaparakash Sampath

Founder & CEO at NPT Research Information Services

Related Posts