AfricaAsiaDry CargoPorts and Logistics
Essar to develop first overseas port
India’s Essar Ports has set out an outlay of $500m to expand two ports on home soil over the next 30 months as well as building a new coal terminal in Mozambique.
“We’ll be investing $500 million to increase our capacity at Hazira and Salaya, and also build a new coal handling terminal in Mozambique,” Essar Ports managing director Rajiv Agarwal told local media.
The Mozambique facility – which is linked to coal mines via 550 km of new rail – is Essar’s first overseas port venture to go alongside its four ports in India.
As well as Hazira and Salaya on the west coast, Essar has two east coast facilities at Vishakhapatnam and Paradip.