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Tuna-Tekra greenfield container terminal is game-changer: SK Mehta

Infrastructure  -  Nov 16,2023  - 

SK Mehta, Chairperson of the Deendayal Port Authority (DPA) said the Rs 5,000-crore greenfield mega container terminal that DP World, Dubai, is developing and operating at Tuna-Tekra, 16 km from Deendayal Port in Kandla, Gujarat, will be a game changer for the port and the entire Kutch region.

He said,"The Tuna-Tekra project is the biggest investment till date under the private-public partnership (PPP) model for major ports. While DP World will invest around Rs 4,500 crore, DPA will invest Rs 500 crore in infrastructure like roads, Mehta told businessline. The previous highest investment in a PPP port project was Rs 3,200 crore at Paradip port."

Mehta added, "The project will provide the highest revenue generation for any major port under PPP, with the royalty per twenty foot equivalent unit (TEU) exceeding Rs 6,000. The project’s concession period is for 30 years, and there will be a 2 per cent increase per annum in the royalty. The period is extendable for another 20 years."

Company : Deendayal Port Authority (DPA)