Malaysians to take Indian port stake Colachel,Malaysia Port developments, March 2001

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Published: March 2001

Malaysians to take Indian port stake

The Malaysian government plans to take an equity stake in a proposed M$4.5 bill (US$1.2 bill) container terminal at Colachel in India's Tamil Nadu state, which is to be built by a consortium of Malaysian companies (see WorldCargo News July 2000, p8).

The size of the stake will be decided after final pricing of the project, said Malaysian Works Minister Datuk Samy Vellu. The Tamil Nadu government's investment will be in the form of land....

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Approx 160 words from WorldCargo News, March 2001, page 12.

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