Mumbai Port Trust's offshore container terminal has come under the government scrutiny. The port has been asked to provide details of container traffic, revenue and expenses to ascertain the viability of the project.

The revenue estimates of the port have been questioned on ground that while traffic projections have been too optimistic, the expenses on cargo handling and berth handling have been kept constant. The Rs.1,228 crore container terminal project is proposed to be developed by a consortium led by Gammon India through the BOT model.

The proposal includes construction of two offshore container berths and container terminal with about Rs.366 crore investment by Mumbai Port and the remaining Rs.861 crore to be invested by the BOT operator. The project is slated for completion by 2009. The proposal has been sent to the public investment board for consideration.

Also See:

MbPT offshore terminal: Gammon emerges top bidder (29-Dec-06)

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