312 million USD, Offshore Container Terminal to come up at Mumbai Port

by OldSailor on November 14, 2007

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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.

Source:pib

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