ESSAR PORTS ENTERS INTO CONCESSION AGREEMENT WITH VISAKHAPATNAM PORT TRUST FOR DEVELOPMENT OF THREE IRON ORE BERTHS

摘要

1. Total capacity of 23 MMTPA 2. Big boost to third party cargo handling plan of Essar Ports 3. Term of the concession agreement is 30 years Essar Ports Ltd. (Essar Ports), part of the $39 billion Essar, today announced that Essar Vizag Terminals Ltd., a wholly-owned subsidiary of the company, has entered into a concession agreement with Visakhapatnam Port Trust for development and operations of three iron ore berths at Visakhapatnam Port on BOT basis over a period of 30 years. These three berths (two outer harbor berths and one inner harbor berth) will have a combined capacity of 23 million metric tons per annum (MMTPA).