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The $4.24 billion global terminal operator, APM Terminals announced completion of its capacity expansion at Port Pipavav in Gujarat, increasing its container throughput handling capacity here from 850,000 TEUs to 1.35 million TEUs.
Five new berths are likely to be added to the 20-year-old port in the next three years. APM Terminals is a gateway port on the west coast of India for containers, bulk, liquid and Ro/Ro cargoes for the Indian hinterland and north-western markets.
Keld Pedersen, Managing director of India’s first private sector port set up in the PPP mode, said the expansion was carried out at an investment of Rs. 400 crore. It was necessitated by up to 85% utilization of existing capacity since last year. The investment included buying new STS cranes, strengthening the existing berth, dredging, and the improvement of the container yard and internal roads at the port. This investment will increase efficiency and productivity in the port operations, he said.
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