Modi, Wong inaugurate Phase Two of Mumbai container terminal project
Prime Minister Narendra Modi and his Singapore counterpart Lawrence Wong on Thursday virtually inaugurated Bharat Mumbai Container Terminal Phase-2 (PSA Mumbai Phase-2) developed by Singapore's PSA International at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.
PSA Mumbai is now poised to become India's largest container terminal with the doubling of annual handling capacity to 4.8 million TEUs.
"Designed to accommodate multiple mega container vessels alongside 2,000 metres of continuous quay length, PSA Mumbai is built to support India's growing trade volumes for domestic and global markets," PSA authorities said. The development is the result of SGD 1.7 billion ($1.3 billion) committed by PSA under a public-private partnership model, the largest foreign direct investment from Singapore in India to date, they added.
Ong Kim Pong, Group CEO, PSA International, said, "PSA Mumbai's Phase 2 expansion brings together capacity, connectivity and sustainability in a terminal for India, a catalyst for advancing India's trade ambitions".
Constructed on 200 hectares of land, the terminal brings together enhanced yard capacity and multimodal infrastructure to efficiently support India's maritime connectivity, the company said.
With electrical equipment already powered by renewable energy and progressive electrification of diesel assets, PSA Mumbai is designed to uplift trade sustainably, it added.
Source: The Hindu
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