APM Terminals and JNPA signs MoU for development of a new container terminal at Vadhavan Port

On January 11, 2024, the APM Terminals signed memorandum of understanding (MoU) worth Rs 200 billion with the Jawaharlal Nehru Port Authority (JNPA) for the development of a new container terminal at the Vadhavan Port in Maharashtra. The port is located on the west coast at about 150 kms north of Mumbai. With a natural draft of about 20 metres, the port will be able to cater to the larger container vessels of 20,000 twenty-foot equivalent units (TEUs). The project is being implemented through a special purpose vehicle between JNPA and Maharashtra Maritime Board (MMB), which will develop and construct the primary infrastructure.