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. The concession agreement for the Rs5.91B (US$118.2M) project will be signed soon....
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This complete item is approximately 200 words in length, and appeared in the May/June 2009 issue of Bulk Materials International, on page 5.
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