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Mumbai seeks go-ahead for $34.5m greenfield cruise terminal.

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| February 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

Byline: Shirish Nadkarni

MUMBAI Port Trust is seeking consultants to prepare a detailed feasibility report for the construction of a privately funded Rs1.53bn ($34.5m) greenfield cruise terminal on a 30-year build-operate-transfer-lease principle.

Cruise vessels are currently handled at the port's Ballard Pier Extension (BPX) berth, now considered an outmoded terminal building.

This multi-purpose berth is the only deep-draught berth that is free of all beam restrictions, and is capable of handling vessels of up to 10.5 m draught.

Pleasure cruising has not been a major industry in India, but this is changing as the middle class gets steadily more affluent.

Mumbai port, which has been losing ground in containerised cargo volumes to neighbour Jawaharlal Nehru port, is looking at other means of shoring up sliding revenues and a modern cruise terminal could be the answer.

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