Current Affairs

Adani Group to develop a Container Terminal in Myanmar

Adani Ports & Special Economic Zone signed an agreement to develop and operate a container terminal at Yangon Port in Myanmar.
Adani Group to develop a Container Terminal in Myanmar

Details:

  • It will act as a network point to feed into our upcoming trans-shipment hub at Vizhinjam.
  • The proposed container terminal will be integrated with our Ports/Terminals along the east and south coast of India, unlocking synergies by offering multiple entry/exit points for the shipping lines which wish to call on this region.
  • The project site is located at city cluster & inner harbor of Yangon Port.
  • The site is ideally placed to serve the traffic from industries surrounding the city with adequate storage and good evacuation channel for the port.
  • The estimated cost for implementing phase I of 0.5 Mn TEUs is between the US $ 220- 230 Mn and phase II expansion to 0.8 Mn TEUs is expected to cost between the US $55-60 Mn
  • The terminal will have a quay length of 635 meters with the capability to handle three vessels at a time.

Question:

Q. Which Indian private sector company has signed an agreement to develop and operate a container terminal at Yangon Port in Myanmar?
a. Reliance Ports & Special Economic Zone
b. Mahindra Ports & Special Economic Zone
c. Tata Ports & Special Economic Zone
d. Adani Ports & Special Economic Zone
Adani Group to develop a Container Terminal in Myanmar Adani Group to develop a Container Terminal in Myanmar Reviewed by Neha Verma on May 27, 2019 Rating: 5

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