JSW Infrastructure Wins Bid for Kolkata Port Container Terminal Expansion
JSW Infrastructure has been awarded a contract to develop an Outer Container Terminal with two and five berths at Kolkata's Netaji Subhas Dock under a 30-year PPP agreement. This project will add approximately 0.93 million TEUs of container handling capacity, complementing JSW's earlier award for Berth 7 and 8 reconstruction. Combined with existing projects, JSW's total container capacity at Kolkata Dock System will reach approximately 1.4 million TEUs, strengthening the company's position in India's eastern port infrastructure.
JSW Infrastructure Limited has secured a Letter of Award from Syama Prasad Mookerjee Port Authority (SMPA) in Kolkata for the integrated development of an Outer Container Terminal comprising two berths and five berths at Netaji Subhas Dock. The project will be executed under a design, build, finance, operate, and transfer (DBFOT) model within a Public Private Partnership framework with a 30-year concession tenure. The development is structured in two phases and will create approximately 0.93 million TEUs of container handling capacity. This award builds on JSW's earlier Letter of Award for the reconstruction of Berth 8 and mechanization of Berths 7 and 8 at the same location, which will contribute 0.45 million TEUs. Upon completion of both projects, JSW's combined container handling capacity at Kolkata Dock System is expected to reach approximately 1.4 million TEUs. The company stated that the projects are designed to address existing capacity constraints, improve berth productivity through mechanization, and enhance vessel turnaround times, supported by strong demand fundamentals from the Kolkata metropolitan region and established hinterland cargo flows.
What different sources said
- The HinduCenter
JSW Infra secures Kolkata port container terminal bidding
Related
Nike Faces Continued Challenges Despite Leadership Change
Nike has experienced ongoing setbacks in running, product development, and brand strategy despite Elliott Hill's return as leader. Hill's appointment was expected to revitalize the struggling athletic brand. The company's inability to regain momentum raises questions about its competitive position in the athletic apparel market.
SpaceX Claims Investment-Grade Credit Ratings Ahead of Potential Bond Issuance
SpaceX has reportedly secured investment-grade credit ratings from three major rating agencies, according to sources cited by Bloomberg. The ratings could lower the company's borrowing costs as it pursues additional financing following a potential initial public offering. This development signals growing confidence in SpaceX's financial stability among major institutional investors.
Cannabis Shop Owner Faces Lawsuit Over Alleged Misuse of $1.5 Million Business Loan
Jennifer Tzar, owner of a SoHo cannabis dispensary, is being sued by her lender Fire Escape for allegedly misusing $230,000 of a $1.5 million business loan on personal expenses, including travel, meals, and payments to friends and family. Tzar denies the allegations as part of a hostile takeover attempt and has filed her own lawsuit claiming conflicts of interest involving the lender's attorney. The case involves disputes over loan fund usage, workplace conduct allegations, and questions about the legitimacy of the lender's takeover bid.