GVK Coal Australia
CORPORATE GVK Coal Australia signs contract for the construction of a 60 mtpa Port in Queensland, Australia with Samsung C&T of Korea and Smithbridge of Australia Oct 17, 2012 Hyderabad : GVK through its subsidiary Hancock Coal Infrastructure Pty. Ltd today signed a construction contract with leading international construction major, Samsung C&T Corporation, a subsidiary of the Korean conglomerate Samsung and Australian based Smithbridge Group Pty. Ltd to build a 60 mtpa T3 Port Terminal Port for the Alpha Coal project at Abbot Point, North Queensland Australia. Announced as one of the key projects during the visit of Hon Julia Gillard MP, Prime Minister of Australia to New Delhi, 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 mtpa mine, a 500 km railway line and a 60 mtpa port...