The Visakhapatnam Port Trust has served an ultimatum on the Visakha Container Terminal Private Limited (VCTPL) for its failure to launch work on extension of the container handling facility even though the concession agreement was signed on December 17, 2014. VCTPL, joint venture of United Liner Agency (a part of J.M. Baxi Group) and Dubai Port World International, started its operations in 2003 as a BOT operator of Visakhapatnam Port. The terminal has a depth of 16.5m, quay length of 450m and channel width of 220m becoming one of the finest container terminals in the country. Highly placed sources told The Hindu that VPT had given time till September to start the work on extension of the container terminal. The final deadline set for VCTPL is June 30. The sources said the issue would figure at the next meeting of the board of trustees.
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04 June 2018 - 08:28
Delay in container terminal extension work irks VPT
The Visakhapatnam Port Trust has served an ultimatum on the Visakha Container Terminal Private Limited (VCTPL) for its failure to launch work on extension of the container handling facility even though the concession agreement was signed on December 17, 2014
WORLD SHIPPING
04 June 2018 - 08:28
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