Essar to develop first overseas port

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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