APMT Mumbai allocates $115m to boost container handling capacity
APMT Terminals Mumbai, also known as Gateway Terminals India (GTI), has planned to invest $115 million in infrastructure development in order to increase container handling capacity. This investment will be used to increase container handling capacity, allowing GTI to fulfill shifting client demands for bigger ships.
The funds will be used to buy six ship-to-shore (StS) cranes and three rail-mounted gantry (RMG) cranes. With this investment, the company aims to increase the container handling capacity by 10% to 2.18 million TEUs.
The initiative, according to GTI COO Girish Aggarwal, is a step forward in assisting the government's goal to increase "Ease of Doing Business." "The investment will allow us to safely and effectively serve bigger boats at our terminal." This, in turn, would help our customers enhance operational efficiency in the Indian trade," Aggarwal explained.
GTI is a joint venture between APMT and the Container Corporation of India (CONCOR-A Government of India business) that operates at Jawaharlal Nehru Port Trust in Nhava Sheva. The terminal has 128 acres of yard area, a 2,336-foot berth line, and sophisticated service equipment such as three rail-mounted quay cranes, 10 twin-lifting quay cranes, and 40 rubber-tire gantry cranes.
APM Terminals is also investing in Nigeria's largest container terminal, in addition to India. According to recent estimates, APM Terminals Apapa has spent $438 million upgrading its facilities with sophisticated cargo handling technology since winning the terminal's concession in 2006.