MUMBAI: Singapore based port operator Port of Singapore Authority (PSA) will be flagging off the part of the first phase of its terminal at Jawaharlal Nehru Port Trust (JNPT) by the end of this year, according to Mr. Mike Formoso, Managing Director of PSA India.
“We will be commissioning the first part of the first phase of the Bharat Mumbai Container Terminal (BMCT) at JNPT by the end of December,” he further added.
The terminal which will have a total capacity of 4.8 million TEUs (twenty-foot equivalent units- a measure of shipping containers), will be ready with 6 cranes or 1 million TEUs by December end of 2017. The total capacity of the terminal is 12 cranes.
The remaining capacity of the terminal will be constructed over the next 4 years and is expected to get completed by the end of 2021. The entire construction is divided into two phases of 2.4 million TEUs and December of this year will mark the commissioning of the first part of the first phase.
PSA laid the foundation stone of its terminal at the port in Mumbai two years back through Bharat Mumbai Container Terminals which is a wholly owned subsidiary of PSA Bharat Investments that is, in turn, a subsidiary of PSA International.
The entire project is being developed with an overall investment of close to Rs 8000 crore out of which the cost of the first phase is Rs 4,719 crore. It is expected to employ 300 workers apart from contract employees.
PSA has been in India since 1999 and runs ports in Chennai, Tuticorin and Kolkata. Mr. Formoso said that he was confident that the terminal will get traffic at the terminal once it is commissioned.
The terminal will position PSA India beside the UAE –based port operator DP World and Netherlands- headquartered APM Terminals that also have terminals at JNPT.