Contractor steps up to complete the critical transportation project after China Harbor and Engineering Co. Ltd. exited the project last year over financing issues.
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.