Bengaluru 03-12-2014: The Government is seeking to shore up investor confidence in the ports sector by agreeing to allow private firms setting up container terminals to change their cargo profile either permanently or as a stop-gap measure to deal with circumstances that have rendered their facilities idle. The latest such case involves a new container loading facility being built by the Mumbai-based Gammon Infrastructure Projects Ltd at Union Government-owned Mumbai Port. After a delay of about four years, the new facility berthed its first ship a car carrier after the Mumbai Port gave permission to Gammon for handling car carriers till it is able to start commercial operations of its container terminal.
This is a significant development in the port infrastructure sector since the idle national resources are being optimally put to use by the authorities, says Subhrarabinda Birabar, a Director at Indira Container Terminal Pvt. Ltd, the entity set up by Gammon to develop and operate the new terminal at the Mumbai Port. Gammon has completed the construction of the berth for the Rs.1,228 crore project but is unable to start operations because the port is yet to complete the dredging work and hand over the entire back-up area required to store containers.