Friday , 18 October 2019
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Redi Port Ltd., a member of the Earnest John Group of companies has been granted a letter of intent by India’s Maharashtra Martime Board (MMB) to develop Redi Port on a BOOST (Build, Own, Operate, Share & Transfer) basis

Intent on development

Redi Port is a minor port in the state of Maharashtra with an annual throughput of around one million tonnes of bulk cargo. The company is interested in developing this port to meet the emerging demand for handling bulk cargo in the region. Initially, the company will be carrying out number of studies including financial viability, traffic, hydrographic and seismic in order to confirm the viability and future potential of the port.

Following these studies the company intends to invite port operators and other interested parties as strategic partners for development of the port.