06-03-2022, 03:27 PM
Following is an excerpt from https://www.financialexpress.com/infrast...e/2542092/
Quote:Govt to transform Paradip port into world-class port at cost of over Rs 3,000 crore
The decision has been taken by the government with a futuristic approach as Prime Minister Narendra Modi has been laying emphasis on the development of eastern states.
Written by FE Online
May 30, 2022 11:32:00 am
The project's estimated cost is Rs 3,004.63 crore.
Paradip Port Update: The Ministry of Ports, Shipping, and Waterways is all set to transform Odisha’s Paradip port into a world-class modern port, which will have the capability to handle capsize vessels. ... The project, according to the ministry, involves deepening as well as optimization of inner harbour facilities including the development of the western dock on a BOT basis under PPP mode at Paradip Port.
The project’s estimated cost is Rs 3,004.63 crore. This includes the development of the new Western Dock on the build, operate and transfer basis at a cost of Rs 2,040 crore and capital dredging by the selected concessionaire at a cost of Rs 352.13 crore; and the investment of Paradip Port will be to the tune of Rs 612.50 crore towards providing Common Supporting Project Infrastructure. ...