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$171 million in Hazira Port

$171 million in Hazira Port
Adani Group arm Mundra Port and SEZ will develop non-LNG port facilities at Hazira in South Gujarat.

Adani Group arm Mundra Port and SEZ will develop non-LNG port facilities at Hazira in South Gujarat.

Adani Group arm Mundra Port and SEZ will develop non-LNG port facilities at Hazira in South Gujarat. The group will commission 13 berths for bulk cargo and containers that will be developed in phased manner. Industry sources estimates MPSEZ to invest around $171.8 million in the first phase.

Hazira Port, a 74:26 joint venture between Shell Gas BV and Total Gaz Electricite Holdings France, awarded the letter of intent to MPSEZ earlier in the week.

It is learnt that Adani Group will commission two berths for container and liquid and dry bulk cargo in the first phase. Both Hazira Port and MPSEZ officials avoided divulging commercial details of their sub-concession deal for a period of 35 years.

In addition to Hazira, MPSEZ is also setting up cargo terminals at Dahej in Gujarat and Mormugao in Goa. It is also looking for port development opportunities on the eastern coast of India as well as in South East Asia and Africa.

www.TurkishMaritime.com.tr

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