However, sources in the government pointed out that the clearances to the Gangavaram port project got delayed by at least 2 years owing to the presence of Dubai Ports World as the equity partner.
GPL had signed the concession agreement with the Andhra Pradesh government for development of the port in August 2003 and completed all the formalities including the financial closure last year.
According to the GPL chairman, five of the 29 berths planned in the long-term are scheduled to be completed by December 2007. These five berths will have a combined cargo handling capacity of 25-30 million tonnes a year.
