PANAJI: Mormugao Port Trust (MPT) is set to enhance its coal throughput traffic by more than double in the near future by setting up a captive and fully mechanised coal-handling terminal.
The terminal, being set up on public private partnership (PPP), is expected to being designed to the highest environmental standards by installing the latest dust suppression system, Chairman of MPT Praveen Agarwal said here on Tuesday.
Significantly, it will have a separate facility for truck loading of up to one million tonnes per annum for movement of coal by road which will serve the local industries of Goa and those on Karnataka border.
A consortium of Mudra Port and Special Economic Zone Limited, Ahmedabad, and M\s. Adani Enterprises Ltd., Ahmedabad, on Tuesday signed a concession agreement through a newly formed special purpose vehicle (SPV) with the Goa-based Mormugao Port Trust (MPT) to develop a mechanised coal-handling terminal for the latter under PPP.
Announcing the signing of a Rs. 252-crore project, Mr. Agarwal said the consortium had now incorporated a SPV in the name of M\S. Adani Mormugao Port Terminal Pvt. Ltd. (AMPTL), Ahmedabad, for execution of a concession agreement and subsequently to carry out all responsibilities as the concessionaire in terms of the concession agreement.
The construction of the project is expected to begin by January 2010 and it is expected to be completed and commissioned for commercial operations by March 2013.
Rajiv R. Sinha, Director, AMPTL; K.C. Kuncheria, Chief Mechanical Engineer, AMPTL; and Deputy Chairman of MPT P.C. Parida were present.