India expands foreign port presence with new consortium
NewsIndia is forming a consortium to acquire and develop foreign ports, with IPGL managing operations, IPRCL handling infrastructure, and SDCL overseeing financing.
The concession for the Rs20 bill (US$412 mill) Gangavaram port project near Visakhapatanam (Vizag) port in the south Indian state of Andhra Pradesh (see WorldCargo News April 2002, p7) is reported to have been won by a DVS Raju-led consortium that includes Dubai Ports International, Malaysia’s Westport and Singapore’s Jurong Port.
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