Kokinada progress Andhra Pradesh,India Port developments, Cocanada Port,Konsortium Perkapalan, August 2000

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Published: August 2000

Kokinada progress

The Cocanada Port Company (CPC), which was set up by International Seaports (India) Ltd and Malaysia's Konsortium Perkapalan Bhd to operate the Port of Kokinada in Andhra Pradesh, is expected to achieve financial closure of its Rs2 bill (US$46 mill) first phase development programme by September...

CPC secured a 30-year lease on Kokinada on a Build, Own, Operate, Share and Transfer (BOOST) basis last year. A Rs200 mill term loan from two Indian banks, Vysya Bank and UTI Bank, is to be dovetailed into the financial closure......

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