Gammon Infrastructure Projects provides business update

Indira Container Terminal in revenue share arrangement with Mumbai Port Trust for alternative use of Offshore Container Terminal

Gammon Infrastructure Projects announced that Indira Container Terminal (ICTPL), one of the joint venture SPV of the Company, has accepted the Mumbai Port Trust (MbPT) proposal for alternative use of the Offshore Container Terminal for Roll-on/Roll-off operations, i.e. operations of providing facilities to the importers and exporters of automobiles and self propelled equipment, for a period of one year from the date of operation with revenue share of 45% to ICTPL and 55% to MbPT.

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