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DP World among bidders for $84m Indian port upgrade

By Pramod Kumar
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.

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