Mumbai - The Jawaharlal Nehru Port Authority and APM Terminals-run Gateway Terminals India Pvt Ltd (GTI) have agreed to create an infrastructure fund of ₹286.55 crore and refund ₹18.1 crore to port users as part of a settlement to resolve a long-running 14-year tariff dispute.
According to the settlement formula worked out by the Conciliation and Settlement Committee (CSC), both JNPA and GTI will contribute to the infrastructure fund and the user refund in a 65:35 ratio, in line with GTI’s revenue-sharing agreement with the port . . .
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