Adani Ports and Terminal Investment start work on transhipment hub at Mundra.

Adani Ports and Special Economic Zone (APSEZ), India's biggest private port operating firm and part of the $10 billion Adani Group, today said that it will expand its existing terminal Adani International Container Terminal Private Limited (AICTPL) at its flagship Mundra Port to create a transhipment hub for the Middle East, South Asia and India. The terminal will be commissioned in 15 months and would emerge as India's largest container terminal with a cargo handling capacity of 3.1 million twenty-foot equivalent units (TEUs).

AICTPL is a 50:50 joint venture with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company S.A (MSC), the second largest shipping liner in the world. The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India. APSEZ and MSC had set up AICTPL in 2013.

BS