Chennai International Terminal (CIT), a joint venture of Singapore’s PSA International and India’s Sical Logistics, has signed an agreement with the Chennai Port Trust (CPT) to develop a second container terminal on a build, operate and transfer basis.
CIT, in which PSA has 60% stake and Sical 40%, has agreed to give CPT a 45.801% revenue share to operate the terminal for 30 years....
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This complete item is approximately 300 words in length, and appeared in the March 2007 issue of WorldCargo News, on page 8.
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