Concessionaire to arrange financing for the project
Development of a Rs.123.40 crore Oil Jetty No.09 at Deendayal Port, Kandla, to Handle all Types of Liquid Cargo at Kandla on BOT basis under PPP mode has been approved.
The Concessionaire will have to arrange the financing for the project, Minister for Ports, Shipping & Waterways Sarbananda Sonowal said on 17 Apr 2023, announcing the approval.
The project, to be developed in 24 months, will be on a 30-year concession period and will follow a revenue Share Model of Royalty Per Ton.
Sonowal said, “The Jetty will further enhance the Port Capacity along with boosting the overall Economic Growth for its entire hinterland.”
In FY 2023, Deendayal Port, Kandla, handled 137.56 MT of cargo, a growth of 8.23% over the 127.10 MT in the previous year.
Presently, 70% of the cargo handled at Kandla is evacuated by road, while 10% by rail and 20% through pipeline.
By 2030, the port is expected to report an annual growth rate of 10%, doubling its cargo at 267 MT. fiinews.com
