Home
Archive
- 2009
Recent News
Directory
Jobs
Events
Editorial Guide
Conferences
Advertise
Circulation
Subscribe to Print Edition
Industry Reports

Submit News

Send us news and comment on key issues...

eNews Update

Buy reports here

• Container Ports Markets in the Middle East and South Asia to 2020
• Top 25 (2007) Container Liner Operators - Trading Profiles
• Transhipment & Feedering - Trades, Operators, Ships

Subscribe NOW

Get the print edition

News Americas

GIP buys into Indian dream

01 Jul 2007

Private equity fund Global Infrastructure Partners has bought a 25% interest in Chennai Container Terminal (CCT), India’s second largest private container terminal in India overall by traffic volume.

According to the fund, since its opening in 2001, CCT's volume has grown at a compounded annual rate of 18.7%, making it the second fastest growing container terminal in the country.

Originally built and developed by P&O Ports, CCT is now operated by Dubai Ports World, which holds the remaining 75% interest in CCT. The transaction remains dependent on official regulatory clearance.