The private port has sought necessary permissions from the Gujarat state government for the expansion work amidst strongest indications yet that an extension of the concession beyond 2028 was imminent.
A P M Terminals, the port operating unit of Danish transport and logistics group A P Moller-Maersk A/S, holds 43.01 percent stake in Gujarat Pipavav Port Ltd, the entity that runs India’s first public-private-partnership (PPP) port.
Gujarat Pipavav Port Ltd and Gujarat Maritime Board recently signed a memorandum of understanding at the Vibrant Gujarat Global Summit to facilitate necessary permissions for the construction of liquid berth, container berth and yard, container handling equipment, and marine infrastructure development at Pipavav Port, estimated to cost some Rs 3,320 crore.
Separately, APM Terminals and Welspun Group signed an MoU to explore opportunities for development of green hydrogen facilities at Pipavav Port in a collaboration that targets export and domestic uses.
