JNPT seeks damages from Singapore’s PSA

17-Aug-2015 # Singapore Source: Live Mint

Jawaharlal Nehru Port Trust (JNPT) has sought liquidated damages of over $61.34 million from Singapore’s PSA International Pte Ltd on a tender that collapsed four years ago after the firm failed to sign an agreement within the stipulated time after winning the deal to build a new container terminal at the port.

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