India’s Paradip Port Trust (PPT) has awarded a 30-year concession to build and operate an iron ore berth to a consortium led by Hong Kong-based supply chain manager Noble Group that includes India’s Gammon Infrastructure and MMTC, the country’s leading trading company.
The consortium secured the project after offering a 36.8% share of its annual revenues to PPT for the entire concession period. PPT chairman K Raghuramaiah said that the concession agreement for the project, which is valued at Rs5.19B (US$118.2M) will be signed soon....
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This complete item is approximately 300 words in length, and appeared in the May 2009 issue of WorldCargo News, on page 13.
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