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Agreement for Gopalpur Port signed

Friday, 15 Sep 2006
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The Orissa government, on 14 September 2006, signed the concession agreement for developing the Gopalpur port with private sector participation. A private sector consortium -- Gopalpur Ports Ltd -- comprising Orissa Stevedores Ltd, Sara International Ltd and Hongkong-based Noblegroup Ltd will develop the port on BOOST basis with a total investment of Rs.1,700 crore. The concession period will be for 25 years. While Rs.450 crore will be brought in by GPL, the remainder will be raised as financial institution debt.

The private sector developer has targeted to attain port-handling capacity of 10 million tpa within 10 years compared with the Gopalpur port's current capacity of 25,000 tpa.

In an independent development, the Orissa government is considering extending the Nuapada-Gunupur railway line to Theruvali to enable rail connectivity between the Gopalpur port and the alumina-rich Kalahandi-Bolangir-Koraput region.

Also See (Recursive links):

OSL appointed developer for Gopalpur port project (26-Jan-06)

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