Business Standard

Mumbai cruise terminal to be revamped

O&M contract to private player in offing

One terminal at the Mumbai port is being built by the government at an investment of ~197 crore
Premium

One terminal at the Mumbai port is being built by the government at an investment of ~197 crore

Megha Manchanda New Delhi
The Union government may allow private firms to run cruise terminals through operation and maintenance contracts. Ports that have been shortlisted in the first batch are Mumbai, Goa, New Mangalore, Kochi and Chennai.

One terminal at the Mumbai port is being built by the government at an investment of Rs 197 crore. This will be tendered for an O&M contract upon completion.

“We are funding the hard infrastructure and providing complete building solutions at an expenditure of Rs 197 crore. The terminal requires a lot of other facilities, including retail space, to be provided by the PPP (public-private-partnership) operator,” an official said.

The

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in