Gammon Infra in talks with worldwide firms to associate in Indira Box Terminal

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Gammon Infra in talks with worldwide firms to associate in Indira Box Terminal

On 21 May 2013, Gammon Infrastructure Projects (Gammon India) has started discussion with international port firms to operate the Indira Container Terminal at Mumbai Port, to replace its present associate, Spanish logistics company Dragados SPL.

Gammon Infra and Dragados had jointly won the rights to expand and operate the 1,400-crore Indira Container Terminal at Mumbai Port in 2007 but the terminal is yet to commence operations due to a wide range of problems at the port which include cargo evacuation concerns and inadequate depth.

This is seen as a precursor for Gammon to take over 100% stake in the project over the next 2 years. The company is looking, however, at other firms to associate them in the project.

A clause of the contract presently does not allow Dragados to exit the project completely without operating the port for a minimu amount of 3 years.

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