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P&O Wins 30-Year Concession for Container Terminal

Maritime Activity Reports, Inc.

August 9, 2001

British shipping and logistics group The Peninsular & Oriental Steam Navigation Company (P&O) said on Thursday its Ports unit had won a 30-year concession to develop a container terminal in India worth $170 million.

The concession provides for the modernization of the current terminal operations and the development of Madras in south east India as a major hub port.

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