In its attempt to consolidate its position as a multi commodity port, the Mumbai Port Trust has decided to upgrade the port facilities including pushing traffic handling capacity to over 100 million tonnes from the current 54.54 million tonnes involving an investment of US$329 million, NBM Media reported.
In the planned process it is creating dedicated facilities for containers, dry bulk shipment storage and related infrastructure. The port is also restructuring its existing manpower and adding stakeholders through public private partnership.
Out of the total amount $228.7 million has been targeted from BOT operators and the balance would be invested from its internal accruals. The new terminal would be completed by March 2012 and would have a capacity of 1.2 million TEUs.
In the planned process it is creating dedicated facilities for containers, dry bulk shipment storage and related infrastructure. The port is also restructuring its existing manpower and adding stakeholders through public private partnership.
Out of the total amount $228.7 million has been targeted from BOT operators and the balance would be invested from its internal accruals. The new terminal would be completed by March 2012 and would have a capacity of 1.2 million TEUs.