Prime Minister Narendra Modi will inaugurate the fourth container terminal at Jawaharlal Nehru Port Trust (JNPT) in Mumbai tomorrow.
The JNPT’s Fourth Container Terminal (FCT)’s Phase I has is expected to boost container trade and logistics in a big way. It has been completed in a record time at a cost of Rs. 4,719 crore.
The FCT was developed on design, build, fund, operate and transfer (DBFOT) basis for a concession period of 30 years with an estimated investment of Rs. 7,915 crore for both the phases.
The terminal will be able to dock mother vessels, handle the biggest containers ships from a quay length of one km, handle three container ships simultaneously with sufficient yard space, and cranes which can reach 22 rows wide or more.
The FCT will be linked to the dedicated road access and a rail freight corridor and will receive around 350 containers per rake besides provision for storing 1,600 refrigerated (reefer) containers for perishables, agriculture and horticulture produce.
Accordingly, the official said the commencement of operations at FCT will offer immense opportunities for the EXIM community so that trade flourishes.