Gangavaram moves ahead

News-in-print

A consortium led by Indian businessman DVS Raju is preparing a comprehensive plan for the Rs20 bill (US$412 mill) Gangavaram port project in the south Indian state of Andhra Pradesh (see WorldCargo News August 2002, p9). Financial closure is expected by mid-2003.

The consortium that won the bid to develop Gangavaram includes Dubai Ports International and the United Arab Emirates government. Westport of Malaysia and Jurong Port of Singapore had also expressed interest in participating but that interest does not appear to have been followed up.

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Gangavaram moves ahead ‣ WorldCargo News

Gangavaram moves ahead

News-in-print

A consortium led by Indian businessman DVS Raju is preparing a comprehensive plan for the Rs20 bill (US$412 mill) Gangavaram port project in the south Indian state of Andhra Pradesh (see WorldCargo News August 2002, p9). Financial closure is expected by mid-2003.

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