Vol 3, PW 5 (31 Mar 99) News in Brief

Indias Lok Sabha has heard details of a bid by ISPL of Singapore to develop the deepwater port of Kakinada in Andhra Pradesh.

MPs heard that the Andhra Pradesh government has approved a proposal by ISPL to Operate, Maintain, Share and Transfer (OMST) three existing berths at Kakinada, and the construction of a fourth berth. The concession period is for 20 years with a provision to extend twice for five years each on mutually agreed terms.