Foundation stone laid for Vadhavan port project
NewsThe foundation stone for the US$ 9.14 billion Vadhavan port project was laid today, aiming to be India’s largest port and among the top 10 globally.
Vizag Container Terminal, which is being set up at the outer harbour of Visakhapatnam Port in south India, has finally achieved financial closure after a delay of nearly two years.
The terminal is being developed by United Liner Agencies, part of the J M Baxi group, and Dubai Ports International. The total project cost is estimated at Rs945 mill (US$19.95 mill).
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This complete item is approximately 150 words in length, and appeared in the April 2003 issue of WorldCargo News, on page 6. To access this issue download the PDF here.
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