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Energy Ports

Proposed plans to develop a multi-million dollar terminal project at the Port of Vostochny in Eastern Russia have attracted interest from investors, with the Japan Bank for International Cooperation (JBIC) already promising around $100 million for the project.

Government officials representing the Australian state of Queensland have issued a draft Environmental Impact Statement (EIS) that aims to progress plans for the Abbot Point coal port project in east of the state.

Brazilian port operator Prumo Global Logistics has announced that its subsidiary Porto do Açu Operações has received funding of $814 million under a  long-term, 18-year loan facility in order to facilitate expansion at the Port of Açu.

Anglo-Australian multinational BHP Billiton is to invest $240 million to upgrade the harbour at Hunt Point at Port Hedland in Australia, as well as adding six additional tugs.

Indian engineering conglomerate JSW Infrastructure plans to invest $315 million over the next two years to double cargo handling capacity at its ports, according to comments from its chief executive BVJK Sharma.

Construction firm China Harbour Engineering Company (CHEC) has commenced ground operations at Ghana’s $1 billion Atuabo Free Port project ahead of major building work starting in the fourth quarter this year.

The Port of Karaikal on India’s east coast is at the centre of talks for a planned $393 million LNG terminal with interest already expressed by three international investment firms.

Plans for a new biomass terminal at the Port of Liverpool are set to bring a further $158 million of investment to the site, according to developer Peel Ports. The new terminal is set be completed later this year and to be fully commissioned in July 2016.

India’s  deepwater Paradip Port on the east coast of the country is to develop a new berth at a cost of $115 million to handle iron ore export.

UK operator Associated British Ports (ABP) has unveiled two Continuous Ship Unloaders (CSU) at the Port of Immingham as part of its £15 million investment programme for the site in the North of England.

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