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Paradip Port Trust to augment capacity

Saturday, 07 Jun 2014
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Paradip Port Trust is planning to double its capacity, with an investment of Rs 16,000 crore in multiple projects, over the next decade.


The trust intends to double its existing capacity to over 270 million tonne. Currently, the port's capacity stands at 108 million tonne.


Of the proposed investment, Rs 6,500 crore will be utilised for the upcoming western dock. Other major investments will include Rs 1,357.02 crore in the mechanisation of the container quays 1 and 2; a Rs 5,600 crore investment in an LNG terminal in Phase-II; and Rs 1,651.09 crore towards other mechanisations of the eastern quays 1, 2, and 3.


In addition to this, the Paradip Port Trust has also lined up an investment for dredging work, setting up a warehousing facility, truck terminal, a coal berth and a new iron ore berth. Majority of the works will be carried out through the public-private partnership route.


 

 
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