APM Terminals signs MoU with JNPA on Intent to invest in Vadhavan Port Project

APM Terminals, one of the largest container terminal operators in the world, with presence in 65 key locations globally, today signed a Memorandum of Understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) on development of a new container terminal at the proposed mega port project at Vadhavan in Maharashtra. The MoU aims at initiating willingness and co-operation for development of upcoming Vadhavan Port.

Located on the west coast at about 150 kms north of Mumbai, Vadhavan Port is expected to be an ambitious and important port project, undertaken by the Government of India. It has natural draft of about 20 metres and will have easy connections to the National Highway Road network and the Dedicated Freight Corridor (DFC) rail network. The project is being implemented through an SPV between JNPA and Maharashtra Maritime Board, who will develop and construct the primary infrastructure. APM Terminals currently operates two important infrastructures in India located at Pipavav and Nhava Sheva.