ABG Ports and PSA to bild Rs 6,700 crore fourth terminal at the JNPT

A consortium of ABG Ports and PSA (formerly Port of Singapore Authority) has bagged a Rs 6,700 crore project for building a fourth terminal at the Jawaharlal Nehru Port Trust (JNPT).

The project was formally awarded to the PSA-led consortium yesterday by JNPT, one of the country's 13 major state-run ports.

A subsidiary of the company, ABG Ports, in consortium with PSA Mumbai Investments (PSA), has been issued a letter of award dated September 26, 2011, by JNPT for development of the fourth container terminal.

The container terminal will be built on a design, build, finance, operate and transfer (DBFOT) basis, it said.

Apart from the PSA consortium, DP World, Adani Group and APM Terminals had also bid for the JNPT project in October, 2010.