GAMMON INFRASTRUCTURE PROJECTS LTD. - Updates on Indira Container Terminal Pvt. Limited - Alternative use of project facilities

Gammon Infrastructure Projects Ltd has informed BSE that Indira Container Terminal Private Limited (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.