To Indiana Mundra Port the management of the Australian carboniferous port of Abbot Point



The Mundra Port and Special Economic Zones (MPSEZ), society that takes part of the Indian group Adani, has adjudicated today the contest for the concession of the duration 99-year-old of the Australian harbour terminal for the coal traffic X50 Abbot Point Coal Terminal (APCT) of Abbot that took part of the program of privatizations adopted from the State of the Queensland ( on 3 June 2009). The landing place up to now is managed by the harbour authority North Queensland Ports Corporation Ltd. (NQBP) that it has been born on July 1°, 2009 from the fusion of the Ports Corporation of Queensland Ltd. (PCQ) with Mackay Ports Ltd. (MPL).

According to the forecasts, shortly the terminal of Abbot will be able to per year enliven exports pairs to 50 million tons of coal and the ability to the system could be high to 80 million tons. "We nourish the aspiration to expand to us to total level - the president of the Adani group has declared, Gautam Adani - and are in looks for of just opportunities of businesses strategically adapted. Abbot Point is our contribution to the increasing total ambitions of India and will increase the synergies with other asset of the group".

Mundra Port previews that this year the terminal of Abbot Point will generate Australian revenues for 110 million dollars with an EBITDA of 59 million dollars Australian and an EBITDA margin of 54%, margin that is previewed will grow to 70% in 2016 when the harbour system generates Australian revenues for 305 million dollars and an Australian EBITDA of 213 million dollars.

The government of the Queensland has emphasized that the allocation to Mundra Port of the management of the terminal, that more constitutes the carboniferous port to north of Australia, will yield to the State of the Queensland Australian returns for 1,829 billion dollars (USA 1,989 billion dollars).

"As a result of the catastrophic impact of the floodings and the Yasi cyclone - the prime Minister of the Queensland has remembered, Anna Bligh, that he is also minister for the Reconstruction - the government had announced that the proceeds of the concession of Abbot Point Coal Terminal would have contributed to pay the quota the costs for the reconstruction of the Queensland. The transaction has yielded proceeds very to above of the initial expectations of 1,5 billion dollars. This constitutes an absolute attestation of confidence in confronts of the economy of the Queensland and the future of the Queensland. The allocation of these deep ones to our efforts for the reconstruction means that the difficult decisions that our government has had to assume are now giving theirs yield for the citizens of the Queensland own when it is more necessary". Moreover Anna Bligh has remembered that the Indian group Adani has recently demonstrated own intention to invest in the Queensland with a carboniferous project of the value of 6,5 billion dollars in the Basin of Galilee.

The minister of Finances of the Queensland, Rachel Nolan, has specified that the North Queensland Ports Corporation will continue to carry out own functions of harbour authority for the port of Abbot Point.