DP World signs concession agreement with DPA to mega-container terminal at Kandla

On August 25, 2023, DP World signed a concession agreement with the DPA to develop, operate and maintain a new 2.19 million twenty-foot equivalent unit per annum mega-container terminal at Kandla, Gujarat. Hindustan Infralog Private Limited (a joint venture between DP World and the National Investment and Infrastructure Fund) was awarded the concession to develop the mega-container terminal at Tuna-Tekra in January 2023 by DPA, under a build-operate-transfer (BOT) basis for a period of 30 years, with an extension option of further 20 years. The project involves the construction of a mega-container terminal at Tuna-Tekra near the existing Deendayal Port at a cost of Rs 42.44 billion through PPP mode. The project is expected to be completed in February 2027.