Gammon gets LoI for Mumbai Offshore Container Terminal

New Delhi, Aug 16 (UNI) Gammon India Ltd today said that the consortium of Gammon and Oragados S P L has received the 'Letter of Intent'(LoI) for the Mumbai Offshore Container Terminal Project.

The estimated project cost is about Rs 800 crores in the initial phase of three years and another Rs 400 crores subsequently, thus aggregating about Rs 1,200 crores, a statement said.

The Project is on a Build-Operate-Transfer (BOT) basis for 30 years, including three years of construction and equipping period.

Gammon India Limited is one of the leading construction companies in India.

UNI