APM Terminals Pipavav to set up New Liquid Berth at an investment of US $ 90 million
Pipavav, India: APM Terminal Pipavav, one of the leading gateway ports located in western India, will set up a new liquid berth at the Port at an investment of around US $ 90 million. Currently, the port has the capacity to handle 2 MMT of liquid bulk. With the new berth, the liquid bulk handling capacity of the port will increase to 5.2 MMT. The capex announced is in line with the port’s objective of contributing to the growth of India’s logistics infrastructure, bolstering connectivity to the northwest hinterlands, and better serve the customers by providing end-to-end solutions. The setting up of the new berth will be subject to necessary regulatory and other approvals.
Commenting on the new capex plan, Mr. Girish Aggarwal, Managing Director- APM Terminals Pipavav said, “This investment strengthens our commitment to provide world-class facilities and services to our customers. This expansion is expected to have a positive impact on the economy of the state of Gujarat by boosting trade and commerce. It is also a clear demonstration of our unwavering dedication to enhancing the logistics infrastructure of our country and supporting the Prime Minister’s vision of reducing the cost of logistics in the country.”
He further added, “As the Dedicated Freight Corridor (DFC) becomes operational and the government emphasizes the use of railways for cargo transportation, APM Terminals Pipavav is well-positioned to solve customers’ needs for sustainable, quicker, and cost-efficient movement of goods from our port.”
The Port’s LPG handling capacity expansion comes at a time when the country’s households are moving to LPG following the success of PM’s flagship program ‘Pradhan Mantri Ujjwala Yojana (PMUY). The LPG consumer base has increased substantially over the past few years. APM Terminals Pipavav is one of the few ports in India that has LPG rail siding within the port that can accommodate full train carrying approx. 1200 MT of LPG cargo.