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.
…as Kochi plan goes forward
P&O Ports is expected to take a 69 per cent equity stake in a new company to be set up to operate a container terminal at Kochi (Cochin) in south India (see WorldCargo News February 2000, p8). Kochi Port Trust is expected to pick up a stake of 26 per cent in the company and other investors will get the rest, officials said.
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