Mundra Port and Special Economic Zone, India's largest private port, has revealed that it has bagged a contract in order to develop a coal handling terminal at the port of Mormugao in Goa.

According to sources, the order has been secured on a design, build, finance, operate transfer basis.

Company's scope of work under the contract entails developing and operating a berth at the port to handle about 6.5 million tonnes of cargo. The company will have a revenue share of 20% with the Port Trust.

The firm stated in a communiqué that the terminal, which would have a concession period of 30 years, is slated to start operations in Financial Year 2012 and will be funded by internal accruals and debt.

The sources said that Port Mormugao is a key location for handling coal for industries located in Goa, Karnataka and southern Maharashtra.

At present, Mundra Port is building a 20-billion-rupee coal handling terminal at Mundra and another multi-purpose cargo terminal at Dahej, Gujarat in joint venture with Petronet LNG.