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 Kandla Port Trust (KPT) is to invite fresh tenders for the development and operation of a container terminal at the Indian west coast port after P& O Ports withdrew its offer to build the Rs3 bill (US$60 mill) facility on a 30 year build, operate and transfer (BOT) basis.
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