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)
Related Links:
Project
profile