Boskalis has secured a major dredging contract in India, but Dutch bank ABN Amro says it will do little to paper over the bigger issues at the company.

The EUR 250m ($266.7m) contract, which has been secured in a joint venture with Jan De Nul, involves the deepening and widening of the access channel towards Jawaharlal Nehru Port in Mumbai.

The Dutch contractor says works are scheduled to commence in the coming weeks and will be completed within two years.

“The areas to be dredged include the 35.5