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CCEA approves Mumbai offshore container terminal

Thursday, 08 Nov 2007
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On 8 November 2007, Cabinet Committee on Economic Affairs (CCEA) gave its approval for the development of Mumbai Port Trust's offshore container terminal on build, operate and transfer (BOT) basis.

The proposed project will be developed under a license agreement to be entered into by the MbPT with a consortium of Gammon India, Gammon Infrastructure Ltd. and Dragados SPL, Spain. MbPT will provide the supporting infrastructure like capital dredging and navigational aids; filling of Prince's and Victoria Docks, laying of tracks for rail container depot, miscellaneous works and environment management plan.

The total cost of the project is estimated to be Rs.1,228 crore. The investment by the Gammon consortium will be Rs.862 crore and the investment by the port to carry out works under their scope will be Rs.366 crore. The capacity addition due to implementation of this project will be 9.6 million tpa.

Also See:

PIB clears MbPT's offshore terminal (17-Jul-07)

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