BY Tiya Chatterji 23 October 2019
BMCT last week handled its one millionth twenty-foot equivalent units (TEUs), becoming the fastest to reach the goal for a terminal in India. Bharat Mumbai Container Terminals (BMCT) is backed by Singapore’s PSA International Pte Ltd at Jawaharlal Nehru Port Trust (JNPT) Mumbai. On February 18, 2018 BMCT started operations and is one of the five container terminals at JNPT also being the newest one.
It is the biggest of the five terminals at JNPT with a capacity to handle 2.4 million TEUs a year from a quay length of 1,000 meters or 1 km with the deepest berths capable of handling super post-panamax vessels.
PSA International is the largest single foreign direct investment in an Indian port project. It won the rights to develop and operate the terminal for 30 years by offering the highest revenue share of 35.79% in an auction.
BMCT has hired consultants to plan to take the next step; the Phase 2 of the terminal on which construction will start by December this year. The Phase 2 expansion is expected to be operational by end 2022 and will bring the total capacity of BMCT to a swopping 4.8 million TEUs.PSA International is the world’s biggest container port operator by volumes and is owned in entirety by Temasek Holdings Pte Ltd, the sovereign wealth fund of Singapore. Praising the terminal for handling one million boxes “in such a short period of time”, Ugo Vincent, Managing Director, CMA CGM India, said “consistent productivity has always been a hallmark of BMCT”.