India’s Mormugao Port Trust reports receiving bids from 14 groups to set up its $162 million iron ore export terminal, which will be financed as part of a public-private partnership agreement. The terminal, which will handle the majority of Karnataka’s iron ore exports, is due to become operational in March 2014.
Among those bidding are L&T, Adani, Salgaocar, Essar, Lanco, MSPL, IMC, Gangavaram, Gammon, IL&FS, Jindal, Sterlite, GVK and Shapoorji Pallonji & Co. An award is expected to be made by August at the latest.
The terminal will incorporate the latest mechanized equipment and also have environmental filters in place to ensure zero
pollution and spillage. Inbound rail wagons conveying iron ore will then be loaded with imported coal to ensure a return cargo.
Barry Cross