Country’s largest private commercial port at Mundra in Gujarat, which is being managed by Adani Ports and Special Economic Zone (APSEZ), is now in the process of replicating the Mundra expansion model in Odisha involving an investment of ₹48,933 crore. It plans to increase the cargo handling capacity to 169.5 million tons a year in the first phase at an investment of ₹17,518 crore, said official sources. In the longer second phase ₹31,415 crore will be invested and it is expected that by the end of 30 years cargo handling capacity of the port will cross 314 million tons per annum. Giving details of the project, an official said that new container handling facility will be set up with initial capacity of 3.1 million twenty-foot equivalent units (TEUs) which will be enhanced to 4.66 million TEUs over a period of time. The APSEZ has already received environmental and coastal regulation zone (CRZ) clearances from the Expert Appraisal Committee (EAC) in the Ministry of Environment, Forest and Climate Change.
📅Published on:
18 October 2019
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