Skip to content Skip to Search
Skip navigation

DP World among bidders for $84m Indian port upgrade

DP World is already investing $3bn in new ports, terminals and economic zones in India’s western state of Gujarat Wam
DP World is already investing $3bn in new ports, terminals and economic zones in India’s western state of Gujarat

DP World is among the bidders to develop and upgrade a port in India’s eastern state of West Bengal, according to a media report.

Indian conglomerate Adani is also in the running, The Telegraph, an Indian newspaper, reported

The private-public-partnership project involves reconstructing one berth and mechanising two berths at Netaji Subhas Dock, Kolkatta, for an estimated investment of INR7 billion ($84 million).

Additionally, the project involves installing a rail-mounted quay crane for faster container cargo handling.

Rathendra Raman, chairman of SMPK, said that the tender will be awarded once the security clearance is received from the federal government.

The 30-year concession, based on a design, build, finance, operate and transfer model, will be awarded to the highest bidder, he said.

The new facility will increase the capacity to 800,000 TEUs (twenty-foot equivalent units), up from 500,000 TEUs, with a completion timeline of two years, the news report said.

In January, Dubai-based DP World said it plans to invest $3 billion to develop new ports, terminals and economic zones in India’s western state of Gujarat over the next three years.

Latest articles

Gulf airlines, Gulf airlines conflict, Gulf conflict risk, Gulf flights cancelled rerouted

Conflict risk leads Gulf airlines to cancel regional routes

Gulf airlines are among airlines that have cancelled and rerouted flights across the Middle East as the conflict between Iran and Israel escalates. They are avoiding Iranian airspace and many have cancelled routes entirely following a major missile attack by Iran against Israel on Tuesday. Immediately after the attacks about 80 flights operated by carriers […]

Taaleem's schools offer 'exclusive educational experiences' including access to high-tech equipment profits

Dubai school operator Taaleem increases profit by 55%

Dubai school operator Taaleem has reported revenue of AED945.2 million ($257.3 million) for its 2023-24 financial year – a 15.5 percent year-on-year increase. More student enrolments and the opening of new schools helped Taaleem to increase net profit before tax by 55 percent, to AED182 million, in the financial year ending August. Taaleem’s shares were […]

Shein IPO

Mubadala-backed Shein courts investors before London IPO

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Shein is due to hold informal meetings to answer questions and test the investment appetite of major investors in the coming weeks, before its planned IPO […]

Workers stand on a scaffold in Dubai. Building a high rise in the UAE can be as much as two thirds cheaper than in other major cities

Apartments in UAE among cheapest to build in the world

Building a standard residential high-rise in Dubai or Abu Dhabi is up to two-thirds cheaper than in other major global cities, thanks to land, labour and raw materials all costing much less. Land is up to three times cheaper in the UAE compared with the prices paid in New York, London, Hong Kong and Singapore […]