New Delhi, India, 6 Feb – Indin group Essar has prepared a project for construction of a sea port in Mozambique where it plans to invest 30 billion rupees (US$612 million), according to Indian TV station CNBC-TV18.
The TV station also said that the port would have capacity to process 30 to 40 million tons of coal and iron ore per year and could later be expanded to handle general cargo.
As well as this, the Essar group, via its subsidiary Essor Ports, intends to build a slurry pipeline linking the future port in Mozambique to Zimbabwe to carry iron ore and pellets needed to operate the Zimbabwe Iron and Steel Company.
Rajiv Agarwal, chief executive of Essar Ports, told the programme that the company was in talks with the Mozambican government and added that he hoped a a definitive agreement would be reached in the next six months.
He also said that the future port would not be for the exclusive use of the Essar group and would be open to other companies mining coal and iron ore in Mozambique. (macauhub)