Odisha unveils ₹4,000 cr Subarnarekha port project
The much-hyped mega Subarnarekha port project entailing an investment of ₹4,000 crore will be turned into all-weather port and is going to be operational within the next three years. It would be a deep draft all-weather commercial port where in the initial phase, the handling capacity would be 25 MT. The State Government has already acquired land for the project close to 700 acres and that the project will ensure an upsurge in the economic activities. The Chennai-based Creative Port Private Ltd (CPPL) has proposed construction of an all-weather deep-draft commercial port at Subarnarekha River and that the steel giant Tata Steel has signed an agreement with the Chennai firm to pick up 51 per cent equity in the port project from the original promoters. The project is close to the integrated test range site at Chandipur and it will be centrally funded and the Union ministry of road transport and highways will prepare a detailed project report which would be deliberated upon and discussed with the state government before its final approval.
