HDC Bulk Terminal Ltd (HBTL), a wholly owned subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ), has entered into a concession agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for the mechanisation of Berth no. 2 at Haldia Port. This is subsequent to the selection of APSEZ as a successful bidder by SMPK earlier this year.
A joint venture between SMPK and HBTL has been formed to implement the project. The new company has the right to design, build, finance, operate, maintain and manage a bulk terminal with a capacity of 3.74 million tons per annum for a concession period of 30 years at Haldia Dock Complex. The new terminal will primarily handle raw materials required by steel, power and cement plants located in the hinterland.
According to Adani, the project will not only add port capacity but will also help to reduce the logistics cost of port users by reducing the turnaround time of vessels calling at Haldia Dock. It is expected that construction of the new terminal will start within the next six months.