Mormugao Port Trust has revealed that there have been 14 bids entered for the $162 million iron ore export terminal. This will be established on the West breakwater as part of a public-private partnership deal. The terminal should become operational by March 2014 and will be equipped with mechanized iron ore handling equipment for exports. An agreement is expected to be signed in August with the winning bidder. The ore will arrive at the terminal by rail, with the empty wagons then being loaded with coal for the return leg of the journey.
BC