Paradip Port projects
India’s Paradip Port is implementing a number of projects to enhance its capacity to handle coal, including berth mechanization.
It is also preparing for the development of the outer harbour as a new port and capacity augmentation of the existing terminals for handling 140 million tons per annum of coal shipment under the Sagarmala National Perspective Plan.
Meanwhile, Odisha State Government has confirmed 10 per cent equity participation in the Special Purpose Venture (SPV) of Indian Port Rail Corporation Ltd (IPRCL) that will be formed for development of a heavy haul rail corridor from Salegaon to Paradip port.
The shareholding will see Odisha partner the Shipping Ministry for taking ahead the “port-led development” agenda under Sagarmala.
The Rs.4500 Crore project will be executed by the SPV between Indian Port Rail Corporation Ltd (IPRCL), RITES, Paradip Port Trust, the Odisha government and Mahanadi Coalfields Ltd. fii-news.com
