APM Terminals Pipavav has approved a major Rs. 7 billion (€ 80 million) expansion plan. The investment will be used to upgrade the port’s existing facilities to handle bigger ships and increase annual container capacity from 1.35 to 1.6 million teu, to accommodate increased demand expected as a result of the implementation of a Western Dedicated Freight Corridor (DFC).
“With this investment, we aim to strengthen our network and continue to provide best in-class services to all our stakeholders,” commented Jakob Friis Sorenson, Managing Director, APM Terminals Pipavav. “We are, however, awaiting the confirmation of a concession extension from Gujarat Maritime Board (GMB) in order to execute the expansion plan. The container yard’s capacity will be expanded once cargo growth is visible after commissioning of the DFC.”