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.
Portia Management in Vizag partnership
UK-based Portia Management Services, an arm of Mersey Docks and Harbour Co, will hold a 26 per cent stake in Vizag Sea Ports Ltd (VSPL) , a joint venture set up to construct and operate two cargo berths at Visakhapatanam (Vizag) in South India on build, operate and transfer (BOT) basis (see WorldCargo News March 2002, p12) .
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