Gammon wins port project in Mormugao

The company offered Mormugao Port revenue share of 33.66%

Gammon Infrastructure has bagged the contract for the construction of coal handling terminal at Mormugao Port today. The company will operate the berth number 11 on a build operate transfer (BoT) basis.

“We have signed the concession agreement with the port trust for 30 years for the project. We will handle both export and import coal at the terminal,” said Subhrarabinda Birabar, head of port sector, Gammon Infrastructure.

Gammon has offered Mormugao Port a revenue share of 33.66% to win the bid. JSW was the only other company shortlisted for the port project offering a revenue share of 27%.

The total estimated cost of the project is Rs 300 crore with a capacity of 2.33 million tonnes per annum.

Besides, Gammon is also developing the Indira container terminal in Mumbai Port with a capacity of 1.2 million twenty-foot equivalent unit and two more terminals in Vishakhapatnam, Paradip Port Trust with a total capacity 18 MTPA.

The company is also in the race to develop a minor port near Jamnagar, Gujarat.