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Bill to convert Major Port Trusts into Port authorities gets RS nod

Biggest structural reform of major ports

Cochin , Kerala , India , Mumbai , Maharashtra , Paradip , Orissa , Mangalore , Karnataka , Ennore , Tamil-nadu , Kolkata

CCEA approves deepening, optimisation of inner harbour facilities at Paradip Port

CCEA approves deepening, optimisation of inner harbour facilities at Paradip Port
ANI |
Updated: Dec 30, 2020 18:01 IST
New Delhi [India], December 30 (ANI): The Cabinet Committee on Economic Affairs has approved the project Deepening and Optimization of Inner Harbour Facilities including Development of Western Dock on Build, Operate and Transfer (BOT) basis under Public-Private Partnership (PPP) mode to handle cape size vessels at Paradip Port.
The estimated cost of the project is Rs3,004.63 crores, which includes the 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 crores respectively; and Paradip Port's investment will be to the tune of Rs.612.50 crores towards providing Common Supporting Project Infrastructure, as per an official release.

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Inner harbour facilities' optimisation at Paradip Port

Inner harbour facilities' optimisation at Paradip Port
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Cabinet nod to Rs 3,004 crore project for Paradip to handle cape-size vessels | Bhubaneswar News

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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