The Mormugao Port Trust issued a letter of award (LoA) to Sterlite Ports Limited, a subsidiary of the Vedanta Group, on April 15, 2016, for the redevelopment of Berth Nos. 8 and 9, barge berths and the existing mechanical ore-handling plant at the port. The project will be implemented on a design-build-finance-operate-transfer (DBFOT) basis with a concession period of 30 years. The redeveloped berths are planned to handle all types of cargo including iron ore, coal and general cargo with an expected capacity of 19.22 mtpa.
The Mumbai Port Trust has issued a letter of intent to Karagwal Construction Private Limited for the construction of a ro-ro terminal at the ferry wharf in Mumbai. The terminal will be built at a cost of Rs 350 million and is expected to commence operations by October 2018. According to sources, the fare per car would be Rs 400-Rs 500 and per truck Rs 700-Rs 800.