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MbPT to set up Rs.4,000-cr terminal

MbPT to set up Rs.4,000-cr terminal
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Mumbai Port Trust (MbPT) is planning to develop an LNG terminal worth Rs 4,000 crore on the outskirts of the city to complement its liquid cargo handling business and earn additional revenue. MbPT will float a request for qualification (RFQ) to invite energy companies to build the terminal, which will come up on the Karanja spoil ground near Uran, around 50 km from Mumbai.

One of the options under consideration, as part of the Central government´s draft plan to develop the 1,800 acres with the MbPT in Mumbai into a commercial and entertainment hub, is for the port to curtail its loss-making bulk cargo handling operations. The proposed LNG terminal, along with the liquid cargo that MbPT handles currently, will help offset some of therevenue loss it will suffer if it trims the bulk cargo handling business.

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