Sterlite Ports, a subsidiary of Indian diversified resources company Vedanta Ltd, is to redevelop the existing berths 8, 9 and barge berths at the Port of Mormugao in Goa, India.
The redevelopment will take place on a develop, build, finance, operate and transfer basis for a concession period of 30 yrs.
The redeveloped berths will handle a variety of cargo, including iron ore and coal, with an expected capacity of 19.22 million tpy. The redevelopment work will be completed over a period of 3 – 5 yrs.
Vedanta Ltd, the Indian subsidiary of London-listed Vedanta Resources, is the largest exporter of iron or from Goa.
This project would provide logistic integration to our iron ore business apart from handling other cargo,” the company said in a press release.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/handling/19042016/sterlite-ports-to-redevelop-mormugao-2016-631/