- 23 December, 2016: The Mer Rouge Oil Storage Terminal (MOST), which will be constructed to the tune of Rs 600 million, will come into operation at the end of 2017. The foundation stone laying ceremony will be presided over by the Prime Minister, Sir Anerood Jugnauth.
The Minister of Industry, Commerce and Consumer Protection, Mr Ashit Gungah, made this announcement yesterday in Port Louis at a press conference. Mauritian and Indian state enterprises will collaborate jointly in the construction of the Terminal and its infrastructures and the Indian government will be the donor agency, he said.
The Minister recalled that following the visit of the Minister of Finance and Economic Development, Mr Pravind Jugnauth, in India, the Indian Government has agreed to grant a subsidy of 200 million dollars (Rs 7,2 billion) for the project, which will comprise the petroleum harbour, a jetty and a terminal. The Tank Farm will have a storage capacity of 25 000 metric tonnes.
Mr Gungah further pointed out that during his visit in India, he had met the Indian Minister of Petroleum and Natural Gas who has reaffirmed India’s financial and technical support to the project and the collaboration of Indian authorities for its realisation. A team of Indian professionals will be in Mauritius next year to carry out technical studies.
The need to increase the storage capacity of petroleum products for the country and maintain a comfortable leeway of four-day reserve was highlighted by the Minister. Hence the implementation of MOST which will be a partnership with the following firms Indian Oil, Vivo Energy, Total Mauritius, Engen Mauritius and the State Trading Corporation, he added.
Speaking about the achievements of the Ministry of Industry, Commerce and Consumer Protection, Mr Gungah expressed satisfaction with regard to the work accomplished and the decisions and measures taken during the last two years.
“All these measures will consolidate and diversity our industrial sector”, he concluded.
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