JN's port’s fourth terminal will have a capacity to handle four million standard containers a year
A consortium led by PSA International Pte Ltd, the world’s second biggest container port operator, has emerged the highest bidder to build India’s largest container terminal yet, by capacity and cost, at the Jawaharlal Nehru port, or JN port.
PSA, along with local partner ABG Ports Pvt. Ltd, offered a revenue share of 50.82% to the government-owned port, said an industry leader.
This is the highest revenue share quoted by a private operator since India introduced the container port privatization programme in 1997. Under this policy, the bidder willing to share the highest quantum from its annual revenue with the government-owned port gets the contract.