New Mangalore Port, CWC, and SDCL join forces for Port Development Project

The New Mangalore Port Authority (NMPA) has entered into a memorandum of understanding (MoU) with the Central Warehousing Corporation (CWC) and Sagarmala Development Company to establish a container freight station (CFS) combined with a warehousing facility at New Mangalore Port. The project, which will be developed through a special purpose vehicle, is planned to cover 16.6 acres of port land and is estimated to cost approximately Rs.125.42 Crores.

The NMPA will contribute the land value of around Rs. 44.25 Crores, while the remaining cost will be evenly shared by the CWC and SDCL. The completion target for the project is June 2025. The CFS will enhance container handling, benefiting both full container load cargo and smaller exporters. Additionally, it will provide temperature-controlled storage and handling facilities to reduce container dwell time for import and export cargoes. The port is anticipating improved growth in container handling with the development of all-weather road connectivity to the hinterland by the next monsoon season.

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