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.
India’s Chennai Port Trust (CPT) is expected to award the contract to build its planned 5M TEU/year third container terminal under the public-private partnership model by March (see WorldCargo News January 2009, p8).
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