Vedanta arm wins tender to re-develop Mormugao port in Goa
Metals major Vedanta on Friday said its subsidiary Sterlite Ports will redevelop Mormugao port in Goa on Develop, Build, Finance, Operate and Transfer (DBFOT) basis for 30 years.
Sterlite Ports, a wholly-owned subsidiary, will be signing an MoU pursuant to ‘Letter of Award’ for redevelopment of existing berths 8, 9 and barge berths at Mormugao port on DBFOT basis for a concession period of 30 years with the Mormugoa Port Trust, it said in a regulatory filing. The project is awarded to Vedanta through a competitive bidding process, it added. “The redeveloped berths are planned to handle all types of cargo including iron ore, coal and general cargo with an expected capacity of 19.22 million tonnes per annum (mtpa),” the filing said.