Mundra Port invests $219m at Hazira

The Adani Group-promoted Mundra Port and SEZ Ltd (MPSEZL) will invest at least US$219 million in the first phase of development of non-LNG port facilities at Hazira in Surat district of Gujarat, and commission the port in 2012, the Hindu Business Line reported.
The listed company had been awarded the Letter of Intent (LoI) for development of non-LNG port facilities at Hazira in November 2009 by Hazira Port (HPPL).
HPPL has been operating LNG facilities at Hazira since 2005 and after international competitive bidding, involving 56 parties, had selected MPSEZL for sub-concession for development of non-LNG cargo port for handling bulk, break bulk, container and liquid cargo
“Although we are studying the number of berths required, we will be starting the port operation in 2012 with three berths in the first phase.
Also, although economic viability requires handling of nearly 12 to 13 million tonnes per annum of cargo, we are creating facilities to handle 20 million tonnes per annu of cargo to start with,” said Rajeeva Sinha, director of MPSEZL.

Source: http://www.cargonewsasia.com