<h1>Major port authority signs 30-year Rs 740 crore concession to rebuild berth, add quay cranes, 500,000 TEU capacity</h1> A major port authority signed a 30-year concession agreement with a private infrastructure firm for a Rs 740-crore project to reconstruct one berth and install rail-mounted quay cranes at two berths within a city dock system, supported by a 25-acre backup area. The project aims to expedite container handling and is projected to yield terminal capacity of 500,000 TEUs annually. The concession transfers long-term operational responsibilities to the private firm under the port's infrastructure expansion and trade-facilitation objectives consistent with national port development policy.