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.