With the objections over applicability of the latest lease rental cleared, the work on the expansion of Visakha Container Terminal Private Limited (VCTPL) termed as ‘Terminal-2 Project’ will be launched shortly.
Though the project proponent – J.M. Baxi Group and Dubai Port World—had completed the process for financial closure for the ₹633-crore project under Build, Operate and Transfer (BOT) scheme, uncertainty dogged issuing of the work order for sometime.
Concession agreement
However, after...