Gammon consortium: Terminal project

MUMBAI: The consortium of Gammon and Oragados SPL has received 'Letter of Intent' for the Mumbai Offshore Container Terminal Project. The estimated project cost is about Rs 800 crore in the initial phase of three years and another Rs 400 crore subsequently, thus aggregating about Rs 1,200 crore.

The project is on build operate transfer basis for 30 years, including three years of construction & equipping period.