The union cabinet of India, has approved last week to set up an Offshore Container Terminal (OCT) at Mumbai port by Gammon India and Spanish Dragados SPL.
- Estimated project cost: 312 million US dollars
- To be executed by: : Mumbai Port Trust (MbPT) on Build, Operate and Transfer (BOT) basis through a consortium of Gammon India, Gammon Infrastructure Ltd and Dragados.
- The OCT will be able to handle large size container vessels and add to its capacity by 9.6 million tonnes per annum.
- The new OCT will provide a cost-effective and efficient gateway for imports and exports for industries in special economic zones and the retail sector.
- The OCT is expected to be completed in three years.
- While MbPT will provide infrastructure support like capital dredging, navigational aids, laying of tracks for a rail container depot and Environment Management Plan, the consortium will execute the project.
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