APM Terminals Pipavav to set up new liquid berth
Planned investment of $90mn to increase capacity by 3.2 million tonnes
APM Terminal Pipavav, one of the leading gateway ports located in western India, will set up a new liquid berth at the port at an investment of around $90 million.
"Currently, the port has the capacity to handle two million tonnes of liquid bulk. With the new berth, the liquid bulk handling capacity of the port will increase to 5.2 million tonnes. The capex announced is in line with the port’s objective of contributing to the growth of India's logistics infrastructure, bolstering connectivity to the northwest hinterlands, and better serve the customers by providing end-to-end solutions. The setting up of the new berth will be subject to necessary regulatory and other approvals," says an official release.
Girish Aggarwal, Managing Director, APM Terminals Pipavav says: “This investment strengthens our commitment to provide world-class facilities and services to our customers. This expansion is expected to have a positive impact on the economy of the state of Gujarat by boosting trade and commerce. It is also a clear demonstration of our unwavering dedication to enhancing the logistics infrastructure of our country and supporting the Prime Minister’s vision of reducing the cost of logistics in the country.
“As the Dedicated Freight Corridor becomes operational and the government emphasises the use of railways for cargo transportation, APM Terminals Pipavav is well-positioned to solve customers’ needs for sustainable, quicker, and cost-efficient movement of goods from our port.”
APM Terminals Pipavav's current annual cargo handling capacity includes 1.35 million TEUs of containers, four million tonnes of dry bulk and 250,000 passenger cars, the release added.