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Mozambique: indian company to expand coal terminal

(AGI) - Maputo, Jul 15 - Indian group Essar Ports Ltd has won the contract to ...

Mozambique: indian company to expand coal terminal
MAPUTO 

(AGI) - Maputo, Jul 15 - Indian group Essar Ports Ltd has won the contract to expand the coal terminal at the port of Beira, central Mozambique, which is one of the major gateway for coal mined in the Tete central province and exports from the neighboring landlocked Malawi, Zambia and Zimbabwe. Essar Ports Ltd and Ports and Railways Iron Mozambique entered in partnership(70% and 30% respectively) to create New Beira Coal Terminal Company (NCTB) that will expand the coal terminal to match the increasing transport capacity of the railway line linking Tete province to the port of Beira, from its 6.5 million tons transport capacity to 20 million tons / year. The value of the contract was not revealed. According to Ambrose Sitoe of the Ministry of Transport and Communications, the expansion of the port of Beira coal terminal is part of a project to modernize the "Sena Corridor", mainly funded by the Brazilian mining giant, Vale, which explores the Moatize coal mines in Tete. (AGI) .