The US$265 million offshore container terminal at the Mumbai port is expected to be delayed at least by two years, the Hindu Business Line reported.

The foreign partner in the consortium setting up the terminal quit selling its stake to the Indian promoter.

The promoters will now have to look for a partner with experience in running port terminal.

The Indira Container Terminal Private is the special purpose vehicle incorporated by Gammon Infrastructure Projects-led consortium, that had won the right to develop and operate 1.2 million TEUs capacity offshore container terminal on a 30-year build-operate-transfer basis in December 2007.