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Dragados to exit Rs 14 bn port project

Dragados to exit Rs 14 bn port project

Spanish logistics firm Dragados reportedly wants to offload its 24 percent stake in a joint venture with Gammon Infrastructure Projects for setting up the Rs 1,400-crore Indira Container Terminal at Mumbai Port. Both the firms jointly bagged the project in 2007. The Indira container terminal at Mumbai Port is an equal joint venture between Gammon Infrastructure and Spain-based Dragados

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MbPT’s terminal project faces inordinate delay

MbPT’s terminal project faces inordinate delay

Industry observers feel that Indira Container Terminal (ICTPL) may not be able to complete the proposed container terminal project at Mumbai Port Trust (MbPT) by December. It may be noted that the union shipping ministry set December 2013 as deadline for the project, which has been delayed by more than six years after the agre