Govt clears container terminal

The Cabinet Committee on Economic Affairs has gave its approval for the development of an offshore container terminal at the Mumbai Port, to be constructed on a build, operate, transfer basis.

The new terminal will be developed under a licence agreement to be entered into by the Mumbai Port Trust MbPT with a consortium of Gammon India, Gammon Infrastructure, and Dragados SPL, Spain.

The total cost of the project is estimated to be Rs 1,228 crore. While Rs 862 crore will be pumped in by the private consortium, MbPT will invest Rs 366 crore. The project would help in bridging the ports capacity gap with the Jawaharlal National Port Trust.