Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Inter-ministerial panel approves Paradip Port expansion

Wednesday, 22 Jan 2020
Share this on :
An inter-ministerial panel has approved a proposal of the Union Ministry of Shipping for deepening and optimisation of inner harbour facilities of the Paradip Port Trust.

The total project cost is estimated at Rs 3,025 crore and will be executed in the public-private-partnership (PPP) mode. As part of the National Infrastructure Pipeline prepared by the Ministry of Finance for the next five years, the Centre is working to approve all projects where financing can be tied up quickly and which are ready to be executed.

The Paradip Port Trust will invite bids from private players for execution of the project, which will enable construction of western dock captive berths to handle capesize vessels. The project will also facilitate import of coking coal for the steel sector and other industries. A panel chaired by the Department of Economic Affairs Secretary Atanu Chakraborty, after consultations with the Department of Expenditure, Ministry of Shipping and NITI Aayog, recently gave in-principle approval to this project.

The project will be taken up on a common user basis after clearing of financial and technical bids. Prospective bidders will need to have minimum net worth of 50 percent of the project cost to qualify for bidding. The Centre has kept performance guarantee at 20 percent of the total project cost, along with penalties for non-achievement of the specified milestones that are to be defined for every six months post signing of the concession agreement.

The project located in Odisha, the deepwater Paradip Port handles various cargo like crude oil, iron ore, thermal coal, coking coal, limestone, manganese and fertilisers, among others. The port handled total traffic of 109.27 million tonne in 2018-19, as against 102.01 million tonne in 2017-18.

The proposed deepening and optimisation of the inner harbour facilities will add annual handling capacity of another 25 million tonne to the port’s overall capacity. Post-completion of the inner harbour facilities, the Paradip Port Trust plans to take up construction of outer harbour project at an estimated cost of Rs 10,000 crore.

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services