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.
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It’s curtains for Sethusamudram ship channel project
Sethusamudram Corporation Ltd (SCL) is set to be wound up, bringing to end an ambitious maritime project that turned controversial over religious sentiments.
“The Sethusamudram Corporation has passed a resolution seeking additional grant of ₹115.72 crore from the government to settle the dues of Dredging Corporation of India for the dredging works carried out at the project site along with a proposal to the ministry of ports, shipping and waterways for winding up SCL,” government sources said.
The ruling Bharatiya Janata Party (BJP) was opposed to the project when it was in the Opposition.
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