Vedanta to redevelop Mormugao port

Vedanta to redevelop Mormugao port

Sept 23, 2016:Mining conglomerate Vedanta has inked the concession agreement the redevelopment project of the Mormugao port in Goa. The total estimated project cost is Rs 1,145 crore and construction is expected to be completed in five years. The company had received the Letter of Award for the project on April 15, 2016 on a Design, Build, Finance, Operate and Transfer (DBFOT) Basis, it said in a statement. The agreement was signed in Mumbai between Vedanta's Iron Ore business CEO Kishore Kumar and Mormugao Port Trust Chairman I Jeyakumar in the presence of Road, Transport, Highways and Shipping Minister Nitin Gadkari and Goa Chief Minister LaxmikantParesekar, it added. Kumar is the Director of the Special Purpose Vehicle Goa Sea Port, which is a subsidiary of Sterlite Ports. The project will be handled by Goa Sea Port, which currently owns and operates a 14 million tonneper annum (MTPA) capacity fully mechanised coal terminal in Visakhapatnam Port of Andhra Pradesh. The project, which includes redevelopment of berths 8, 9 and barge berths, has been awarded through a competitive bidding process on DBFOT Basis for the 19 MTPA capacity multi-cargo Port terminal in Mormugao Port.

Related Posts

Qatar Airways Cargo signs agreement with DoKaSch for pharma transportation

Qatar Airways Cargo signs agre ...

August 23, 2017: The Middle East carrier Qatar Airways Cargo has signed an agreement with DoKaSch Temperature Solutions to offer i ...

eBay to bring African handmade goods to the US in partnership with Mall for Africa

eBay to bring African handmade ...

August 23, 2017: The global e-commerce player,  eBay Inc. and Mall for Africa have announced a strategic partnership that fur ...

Milaha launches direct reefer service between Qatar and Turkey

Milaha launches direct reefer ...

August 23, 2017: Qatar-based maritime transport and logistics conglomerate, Milaha has announced the launch of the first direct re ...

Vishal Bhatnagar appointed as director of Delta’s Cargo Control Center

Vishal Bhatnagar appointed as ...

August 23, 2017: The US based Delta Cargo has appointed Vishal Bhatnagar as the new director of the Cargo Control Center (CCC). In ...