Adani Ports and Special Economic Zone, on Monday, announced that it had entered into an agreement with Kandla Port Trust for setting up a bulk terminal for transportation of coal and iron ore. The project would entail an investment of Rs.1,200 crore.
In a statement issued here, the company said Adani Ports and Special Economic Zone (APSEZ) subsidiary Adani Kandla Bulk Terminal has signed a concession agreement with the Kandla Port Trust to set up a dry bulk terminal on ‘build, operate and transfer (BOT) basis’. The project will have a capacity of 19-20 million tonnes per annum, and is expected to be ready by 2014.
The dry bulk terminal will be located off Tekra near Tuna outside Kandla Creek at the Kandla Port. The terminal will handle cargo such as coal, fertilizer, salt, minerals and other agri-products. The direct berthing at Tuna would address the present issues at Kandla relating to barge operations, which lead to increased cost per tonne, double handling, loss of cargo and lower productivity.The automated and mechanised processes at the new terminal at Tuna would ensure transparency, the statement added.