NHAI unveils ₹2.94-bn coastal road network

    Coastal Road Projects
    Adding to the road network of the Paradip Port, NHAI has decided to build road projects entailing an investment of ₹2.94 billion including facilitating second exit from Paradip port by building a mega flyover on the road stretch for which the preparation of DPR is currently in full swing. In a separate plan, PPT aims to commission its full-fledged container terminal being built at a cost of ₹4.31 billion where the terminal will be equipped with cargo handling capacity of five million tons per annum. The terminal positioned on the port’s southern dock, will handle clean cargo as opposed to the bulk terminals on the northern end handling predominantly coal and iron ore and that the trust inked a concession agreement with Paradip International Cargo Terminal Pvt Ltd (PICT), a special purpose vehicle (SPV) set up by United Liner Agencies India Pvt Ltd which is a part of J M Baxi Group for construction of a multipurpose berth through public private partnership (PPP) and also build, operate and transfer (BOT) basis in order to cater to the container traffic and clean cargo at Paradip port. The concessionaire would be responsible for financing, designing, construction, commissioning of the project along with operation, management and maintenance under the concession agreement for a period of 30 years.
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