APM Terminals and JNPA collaborate to build a terminal at the forthcoming Vadhava port

15th January 2024

Agreement sign between APM Terminals and JNPA collaborate for Vadhava Port

In a significant move poised to bolster India’s maritime infrastructure, global port operator APM Terminals has joined hands with the Jawaharlal Nehru Port Authority (JNPA) to develop a container terminal at the upcoming mega-port project at Vadhavan, Maharashtra. This collaboration, announced during the Vibrant Gujarat Global Summit 2024, marks a crucial step towards realizing the vision of transforming Vadhavan port into a world-class gateway for international trade.

The Vadhavan Port development has enormous potential and is projected to cost Rs. 76,220 crore. Due to its 20-meter natural draft, direct access to national highways, and designated freight corridors, it is ideally situated to serve the growing cargo traffic on the west coast of India. By building a cutting-edge container terminal inside the port, the APM Terminals-JNPA collaboration seeks to take advantage of this potential.

This facility will boast an annual capacity of handling 23 million twenty-foot equivalent units (TEUs) or 254 million tonnes of cargo. This translates to significantly enhancing India’s container handling capacity and streamlining international trade flows. The project is expected to create numerous jobs, providing a much-needed boost to the local economy of Maharashtra.

Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, emphasized the significance of the project. “The Vadhavan Port is a game-changer for India’s maritime sector. It will not only decongest existing ports but also establish India as a key maritime hub in the region. We are delighted to partner with APM Terminals, a global leader in port operations, to bring this ambitious project to fruition.”

APM Terminals’ Global Chief Executive Officer, Keith Svendsen, concurred. It gives us great pride to collaborate with JNPA to build a top-notch container terminal at Vadhavan. This project is a perfect fit with our mission to support the expansion of international trade and invest in emerging markets. We think Vadhavan has enormous potential due to its excellent infrastructure and strategic location, and we are sure that our experience will play a big role in making it successful.

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Leading international port operator APM Terminals and India’s top port authority JNPA collaborate. APM Terminals will contribute its operational excellence and technological prowess to the project. The company has extensive experience developing and operating ports throughout the world. Conversely, JNPA will offer vital local knowledge and insights into the Indian marine environment.

The Vadhavan container terminal will be constructed and run in accordance with the strictest international standards thanks to the combined strengths of these two organizations. Leading shipping lines will be drawn to this, making it easier to move cargo efficiently and ultimately promoting economic growth in the area and beyond.

The development of the Vadhavan Port is not just about building a physical infrastructure; it represents a strategic move towards strengthening India’s position in the global maritime sector. With APM Terminals as a partner, this project carries the promise of transforming Vadhavan into a thriving trade hub, connecting India to the world and propelling the nation towards a brighter maritime future.

The building of the Vadhavan Port is more than just a physical infrastructure project; it is a calculated move to improve India’s standing in the world’s maritime arena. This project, which has APM Terminals as a partner, has the potential to turn Vadhavan into a thriving trade hub, linking India to the rest of the world and advancing the country’s maritime future.