APSEZL signs agreement with CMA CGM for ACMTPL at Mundra port

Adani Ports and Special Economic Zone Limited signed a JV agreement with CMA CGM, France, on April 25, 2017, to jointly operate the fourth container terminal, Adani CMA Mundra Terminal Private Limited (ACMTPL), at Mundra port for 15 years. ACMTPL was operationalised on the same day, three months ahead of schedule. The partnership has an option to extend the contract twice, each time for 10 years. The terminal has a capacity of 1.3 million twenty-foot equivalent units (TEUs), and is spread across 27 hectares, with a 650 metre long quay and a draught of 16.5 metres. Post commissioning of this terminal, the container handling capacity of Mundra port has increased to 5.5 million TEUs.