Coal Terminal Project GVK Coal signs Construction Contract for Coal Terminal Project
GVK through its subsidiary Hancock Coal Infrastructure has signed a construction contract with Samsung C&T Corporation, a subsidiary of the Korean conglomerate Samsung and Australian based Smithbridge Group to build a 60 million tonnes per year terminal for the Alpha Coal project at Abbot Point, North Queensland Australia.
Secunderabad, India – The award of construction contract comes after GVK received all the Tier 1 approvals for the Alpha Project. This is a “pit-to-port” project being built at a cost of USD 10 Billion. The first phase of the project involves a 30 million tonnes per year mine, a 500 kilometre railway line and a 60 million tonnes per year port. The other construction contracts for the project such as mine infrastructure, the wash plant and rail will be announced in the next few months.