According to Chelsea, the project seeks to deliver port capacity
expansion, as well as flow improvement of waterborne commerce and inter-island seaborne commerce and foreign trades.
Its current operations span four terminals with a combined capacity of 110 MTPA, which is roughly 5 percent of India's port capacity
. The Company is a leader in the non-containerised bulk cargo space.
(ICTSI) to expand port capacity
, a government official said.
APSEZ has 10 strategically located ports and terminals, including Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh, and Kattupalli and Ennore in Chennai - representing 24 per cent of India's total port capacity
'We welcome every development project from the private sector as it can increase the port capacity
in our country which will also give good news to our economy,' he added.
Summary: The port capacity
to be increased to handle more cargo
The facility now more than triples its port capacity
and is expected to expand trilateral business and commercial relations between Iran, Afghanistan and India.
'Any expansion of port capacity
has to happen outside the Metro Manila area to deliberately decongest Metro Manila,' he said.
Also the port capacity
is often not shared within the logistics network.
The port development funding will provide liquidity for capital expenses needed to develop the second phase of King Abdullah port capacity
of up to 5 million container berths, capacity of 600,000 cars a year and bulk cargo of 4 million tons per year.
Moreover, Al-Adsani noted that increased port capacity
would help propel Kuwait into new markets, which would in turn, help bring the country's 2030 vision of increased development to fruition.