Emirati multinational logistics company DP World, based in Dubai, will soon receive a loan of Rs.37.90 billion from two Indian financial institutions to build a box terminal at Tuna Tekra in Deendayal Port, Gujarat.

The joint collaboration between NaBFID (National Bank for Financing Infrastructure and Development) and Axis Bank is a positive move to bolster maritime infrastructure in the regions connecting the all-weather port.

The mega-container terminal of 2.19 million twenty-foot equivalent units (TEUs) capacity would be a significant addition to DP World’s operations in India. The global maritime terminal operator placed the highest royalty of Rs.6,500 per TEU to clinch the project, which is expected to further enhance trade efficiency, foster economic growth and buoy up port infrastructure.

DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Kochi and Chennai – with a combined capacity of about 6 million TEUs. Its vast network of ports and terminals around the world has the capacity to handle over 90 million TEUs annually.

As the first global maritime terminal operator to achieve ISO 28000 supply chain security certification, DP World hopes to stay true to its claim of ‘making trade flow’ by maintaining international standard in the Tuna Tekra project as well.