Investment & Expansion

[Chitta]

Following is an excerpt from https://www.livemint.com/news/india/cabi...44501.html

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.

[Chitta]

Following is an excerpt from https://www.financialexpress.com/infrast...e/2542092/ 

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. ...