The payment from Singapore-based Grace Ocean Private Ltd. and Synergy Marine Private Ltd. settles a civil claim filed by the U.S. Department of Justice.
India has accelerated its pace of infrastructure development since the government launched a new national master plan three years ago, but industry leaders earlier this month said more must be done to ensure projects are not just built quickly, but built well.
No price tag, timeline or construction procurement status for the major work were disclosed in a vision plan released Oct. 17 developed with design firms Arup and Skidmore, Owings & Merrill.