Maritim TCB SL misses financial closure deadline of Container terminal project

Ennore Port Ltd to decide the next step after a consortium led by Spanish port operator Grup Maritim TCB SL missed the 30 April deadline set by the Union government-controlled port to tie up funds for developing a Rs1,407 crore container loading facility, the project awarded to it in August 2010.

The project is one of the many planned by the government to boost India’s container loading capacity to 38.91 million standard containers by 2020, up from the existing 11.81 million standard containers.

This is the third deadline missed by the company.

Source: Livemint