DP World to invest $140 mln in West Bengal

Dubai, Dec 25 (UNI) Dubai-based port operator DP World will invest more than 140 million dollars in the first phase of a new port in West Bengal, a top official said.

DP World CEO Mohammad Sharaf told Gulf News that the second phase will see an addition of 450 metres of quay and increasing the container handling capacity to 1.3 million twenty-foot equivalent units (TEUs).

The company, which inherited the greenfield Kulpi Port project as part of its acquisition in February 2006, said the first phase of the development would see development of a 450 metre quay and building of a handling capacity of 6,50,000 TEUs.

DP World, which has a 40-year concession for Kulpi Port, is partnering with MKJ Enterprises and the West Bengal Industrial Development Corporation (WBIDC).

The Kulpi Economic Zone is meant as an all-weather port, which will also have a ship-breaking yard, and an industrial park in a single integrated hub.

UNI XC SBA/KR KN1555