JSW Infrastructure, part of the JSW group, plans to spend $150 million (approx Rs 735 crore) to develop a port in Chile which is likely to have a cargo capacity of 30 million tpa.
The company is awaiting clearance from the Chile Government and the process is on. JSW plans to raise funds through a debt, equity ratio of 3:1 for the project, though the plans may change.
According to sources, the iron ore shipment from JSW Steel's Chilean mine to India will form a sizeable chunk of the cargo handled at the port. Apart from iron ore, the company is looking at shipping other cargo such as copper, agri-products from the port.
Source : ProjectsToday
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