Mumbai, Sep (EPC News): International Finance Corporation, arm of the World Bank plans to invest around USD 8 million at Visakha Container Terminal Private Limited a private container terminal operating in Visakhapatnam port in Andhra Pradesh, said company release. The proposed investment will support the terminal operator's investment of USD 23.3 million for upgrading existing port infrastructure, reducing turnaround time and costs and facilitating exports.
With this investment, VCTPL’s handling capacity will expand from 150,000 TEU to 300,000 TEUs.Visakha Container Terminal Private Limited is a 74:26 joint venture between United Liner Agencies Private Limited and Dubai Ports World FZE a Dubai based ports operator.
EPC News Bureau
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epcworld
| Posted on:9/1/2010 at 12:14 PM