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 Visakhapatnam Port Trust (VPT) plans to spend Rs30.35B (US$700M) under its 11th fiveyear plan (2007-12) to raise the annual handling capacity of the port on India’s east coast from 55 mt to 100 mt.
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