The Rs one lakh crore International Container Transhipment Port (ICTP) project at Galathea Bay in Great Nicobar Island has reached a critical milestone, as the detailed project report (DPR) has been finalised.

It is awaiting approval from the Union Shipping Ministry. Once approved, tenders will be floated within six to eight months to invite private participation. The project will be executed under a public-private partnership model, with an investment of Rs 44,000 crore for the first two phases. Upon completion, the port will handle 16.2 million TEUs, focusing on container traffic. The project will reduce India’s dependence on foreign ports like Colombo and Singapore.

Strategically located near key international shipping routes, the port will have natural depths exceeding 20 mtrs., positioning it as a major transhipment hub for Indian and regional cargo.