Centre Approves Rs 3004.63 Cr Project For Paradip Port 42
New Delhi: The Union Cabinet On Wednesday approved a Rs 3004.63 crore project for deepening and optimisation of inner harbour facilities including development of Western Dock at Paradip Port.
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved deepening and optimization of inner harbour facilities including development of western dock on Build, Operate & Transfer (BOT) basis under PPP mode to handle cape size vessels at the port, said an official statement.
The estimated cost of the project is Rs 3,004.63 Crore which includes development of the new Western Dock on BOT basis and capital dredging by the selected concessionaire at a cost of Rs 2,040 crore and Rs 352.13 crore respectively. Paradip Port’s investment will be to the tune of Rs 612.50 crore towards providing common supporting project infrastructure.
Govt approves Rs 3,000 crore project for Paradip port PTI
New Delhi: The government Wednesday said it has approved a Rs 3,000 crore project to turn Paradip Port into a world-class port by setting up a dock.
The decision to set up a western dock was taken by the Union Cabinet in its meeting held Wednesday, Ports, Shipping and Waterways Minister Mansukh Mandaviya said.
“The Cabinet has approved setting up of Western dock at Paradip port at a cost of Rs 3,000 crore which will transform the port into a world-class and modern port. ….The decision has been taken with a futuristic approach as Prime Minister has been laying emphasis on development of eastern states,” Mandaviya said briefing the media after the Cabinet meeting.
A general view of Paradeep port. (File Photo)
BHUBANESWAR: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved a project with an estimated cost of Rs 3,004.63 crore for deepening of Paradip port to handle cape-size vessels or large-sized bulk carriers above 1.50 lakh metric tonne in weight.
Briefing reporters in Delhi, minister of state for ports, shipping and waterways Mansukh Mandaviya said the futuristic move is being taken keeping in mind the new ships being built in the world which can’t be anchored in Indian ports. When large-sized vessels can’t be anchored, these have to stop in deep sea and from there loading and unloading of cargo is done from or to smaller ones. This increases the logistics cost, he said.
Inner harbour facilities optimisation at Paradip Port indiagazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiagazette.com Daily Mail and Mail on Sunday newspapers.