PSA International inaugurated the second phase of the PSA Mumbai container terminal at the port of Mumbai (India). According to the terminal operator’s announcement after the inauguration, this infrastructure “is positioned to be the largest container terminal in India,” as the works have doubled its annual capacity to 4.8 million TEUs.
Specifically, this second phase will allow the terminal to accommodate “multiple” mega-container ships, featuring a continuous quay of 2,000 meters in length. “PSA Mumbai is built to support India’s growing trade volumes, for both domestic and international markets,” explained PSA International.
Singapore-based PSA has invested $1.3 billion in this infrastructure through a public-private partnership model. “This is the largest foreign direct investment from Singapore into India to date,” stated the terminal operator.
The inauguration began with speeches delivered virtually by the Prime Ministers of India and Singapore, Shri Narendra Modi and Lawrence Wong respectively. Also stemming from this visit, both leaders concurrently advanced the establishment of a “green and digital” maritime corridor between the two countries.
Following the speeches, the CEO of PSA International noted that the Phase 2 expansion of PSA Mumbai “brings together capacity, connectivity and sustainability in a terminal for India, a catalyst to drive the country’s trade ambitions.”
“The enhanced capacity of PSA Mumbai, at 4.8 million TEUs, will bolster the resilience of supply chains within and beyond India and strengthen PSA’s global network of port ecosystems,” added the CEO of PSA International.
Built on 200 hectares of land, the terminal combines increased yard capacity and multimodal infrastructure “to efficiently support India’s maritime connectivity,” emphasized PSA International. With electric equipment already running on renewable energy and the progressive electrification of diesel assets, “PSA Mumbai is designed to drive trade sustainably,” concluded the company.
