A container freight station (CFS), spread across 16.6 acres of area of New Mangalore Port Authority (NMPA), will come up at an estimated cost of ₹125.43 crore within a year through a special purpose vehicle (SPV).
CWC Managing Director Amit Kumar Singh, NMPA chairman A.V. Ramana and SDCL Managing Director Dilip Kumar Gupta signed a memorandum of understanding in Mangaluru.
While the NMPA’s contribution in the SPV would be the land, valued at ₹44.25 crore, the Central Warehousing Corporation (CWC) and the Sagarmala Development Company Ltd., (SDCL), would bear the balance cost.
The CFS would facilitate aggregation of LCL (less than container load) cargo and FCL cargo.
The facility would reduce the container dwell time, both for export and import, that helps the port to achieve another milestone under Maritime India Vision 2030.
The port had handled 1.65 lakh TEU (twenty-foot-equivalent) containers in 2022-23, an all-weather road might improve the load to 2.5 to 3 lakh TEU in 2024-25.
