Mumbai offshore terminal delayed [GIPL]

Gammon Infrastructure Projects Ltd (GIPL) says the opening of its offshore container terminal at India’s Mumbai port has been put back to the end of next year.
The US$225M Indira Container Terminal (ICT) was scheduled to be completed this year, but according to GIPL managing director KK Mohanty, the project has been held up by delays to dredging work being undertaken by the Mumbai Port Trust (MbPT).
ICT is currently a 50:50 joint venture between GIPL and Spain’s Dragados-SPL (NOATUM), but GIPL is in the process of raising its stake to 74%. Under an agreement signed between the two companies in early 2010, GIPL will buy the remaining 26% from Dragados three years after commercial operations.
The new facility is being developed on a build-operate-transfer basis under a 30-year concession, including the construction period. With a handling capacity of 1.2M TEU/year across two 350m berths, it will be able to accommodate ships of up to 6,000 TEU that are currently unable to call at Mumbai.