Projects to be implemented under BOT and PPP modes
The Cabinet Committee on Economic Affairs (CCEA) has approved the Rs.3,004.63 crore project for ‘Deepening and Optimization of Inner Harbour Facilities including Development of Western Dock on Build, Operate and Transfer (BOT) basis under Public-Private Partnership (PPP) mode to handle cape size vessels at Paradip Port’.
The project includes the development of the new Western Dock on BOT basis and capital dredging by the selected Concessionaire at a cost of Rs.2,040 crore and Rs.352.13 crore, respectively, and Paradip Port’s investment will be to the tune of Rs.612.50 crore towards providing Common Supporting Project Infrastructure.
The proposed project envisages the Construction of Western Dock Basin with facilities to handle cape size vessels by the selected BOT Concessionaire with an ultimate capacity of 25 MTPA (Million tonnes per annum) in two phases of 12.50 MTPA each.
The Concession period shall be 30 years from the date of the Award of Concession.
Paradip Port Trust (Concessioning Authority) shall provide the Common Supporting Project Infrastructure works like breakwater extension & other ancillary works to facilitate handling of cape size vessels.
The project would be developed by the selected Concessionaire on a BOT basis.
However, the Port will provide the 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 the creation of job opportunities.
The Paradip Port Trust (PPT), a Major Port under the Government, was commissioned in 1966 as a mono-commodity port for the export of iron ore.
In the last 54 years, the Port has transformed itself to handle a variety of Export-Import cargoes which include iron ore, chrome ore, aluminium ingots, coal, POL, fertilizer raw materials, limestone, clinker, finished steel products, containers, etc.
In particular, the demand for import of coking coal and fluxes as well as export of finished steel products has been increasing in view of number of Steel Plants established in the hinterland of the Port necessitating capacity creation to cater to the Port’s hinterland requirements, said CCEA on 30 Dec 2020. #tenders #ports #shipments #exports #imports #projects #investment /fiinews.com
