GMB signs MoU with Sterling Port for development of Dahej port.

It is reported that Gujarat Maritime Board has entered into a concession agreement with Sterling Port Limited for the development of the Dahej port on June 18th 2014. The project envisages investment of about INR 4,060 crore over a period of 10 to 12 years. This is one of the significant achievements of GMB in the recent times.

GMB had invited competitive bids for the development of Dahej port in Bharuch district on Build Own Operate Transfer basis. After evaluation of offers from various bidders, Sterling Biotech Limited, a listed Sandesara Group company, was shortlisted for developing the project.

The project has been awarded for a 30 year concession to the company for the development of an all weather direct berthing port for handling dry bulk, liquid bulk and container cargoes at Dahej.



STEELGURU