12-31-2020, 02:18 AM
Following is an excerpt from https://www.livemint.com/news/india/cabi...44501.html
Quote:The CCEA also approved expansion of Paradeep port in Odisha at an initial cost of ₹ ₹3005 crore to enable it to handle large cargo ships under Public-Private Partnership (PPP) mode. This includes development of the new Western Dock and capital dredging by the selected Concessionaire at a cost of Rs.2,040 crore and Rs.352.1 crore respectively; and investment by Paradip Port to the tune of Rs.612.5 Crore towards providing Common Supporting Project Infrastructure.
“On commissioning of the project, it shall cater to the requirement of coal & limestone imports besides export of granulated slag & finished steel products considering the large number of steel plants established in the hinterland of Paradip Port. The project shall also facilitate (i) de-congestion of the Port, (ii) reduce Sea freight making coal imports cheaper, and (iii) boost the industrial economy in the hinterland of the port leading to creation of job opportunities," the Cabinet Secretariat said in a statement.