GVK gets Oz govt nod for port development

Created On: 11 Dec 2013 5:16 PM IST

GVK Gets Oz Govt Nod For Port Development. GVK group has received approval from Federal Government of Australia for capital dredging programme for its terminal at Abbot Point Port.

Hyderabad: GVK group has received approval from Federal Government of Australia for capital dredging programme for its terminal at Abbot Point Port. This is the final environmental approval for its Galilee Basin coal assets and associated infrastructure.

“Achieving this final environmental approval from the Federal government is a significant milestone towards the development of GVK Hancock’s Terminal 3 port facilities, and Galilee Basin coal assets including the Alpha, Alpha West and Kevin’s Corner coal projects, along with the construction of a rail solution to the Abbot Point Port,” the GVK group said.

Together with the previously received clearances for the Alpha mine, the rail to Abbot Point and the EPBC Act approval for the port, GVK Hancock has solidified its leading position in the Galilee Basin of Queensland, Australia, it added. “We welcome this Federal Ministerial environment approval which will help protect the environment whilst creating jobs and economic investment in the state and region,” said Dr GVK Reddy, CMD, GVK group.