HDC Bulk Terminal (HBTL), a wholly-owned subsidiary of Adani Ports and Special Economic Zone (APSEZ) has signed the concession agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for mechanisation of Berth no 2 at Haldia Port.
The mechanization and upgradation of Haldia Bulk Terminal will provide the company an opportunity to firmly establish APSEZ’s footprint in West Bengal.
As per the concession agreement signed between SMPK and HBTL, the Special Purpose Vehicle (SPV) formed to implement the project will get the rights to design, build, finance, operate, maintain and manage the bulk terminal with a capacity of 3.74 million tpa for a concession period of 30 years at Haldia Dock Complex.
The Haldia Dock Complex houses various bulk handling facilities at Haldia under SMPK’s purview.
This terminal will handle the supply chain of raw materials in the steel plants, power plants and cement plants located in the hinterland.
As per the signed concession agreement, HBTL will undertake the financial closure for the project within six months and commence the construction of the terminal.
The estimated cost of the project is Rs 298 crore. The project has already received the necessary environment clearance.