NBCC (India) Ltd. Granted In-Principle Approval by Mumbai Port Trust for Major Projects

NBCC (India) Ltd. has been granted in-principle approval by the Mumbai Port Trust to serve as the executing agency for various projects. These projects include the CGO Complex, an Iconic building, a Multi level car parking, an International Convention Centre, and maintenance of various facilities at the port. The agreement is on an agency charge of 7% of the project cost, excluding GST. A Memorandum of Understanding (MoU) has been signed between the two parties for the development of the CGO Complex on a 25-acre plot at Mumbai Port's land on a turnkey basis. NBCC will also serve as the Project Management Consultant for these works.