In an attempt to increase the cargo handling capacities in the country, the shipping ministry has fast tracked the Paradip port project at an investment of Rs. 8,200cr, said official sources claiming that the Paradip Port Trust (PPT) has roped in Howe Engineering Products (India) Ltd., as consultant for carrying out the feasibility study for its outer harbour project taken-up under Government of India's Sagarmala initiative. After commissioning, it would have a cargo handling capacity of 160 million tonne per year and has been designed mainly to ship coal to southern states. The outer harbour project is being taken-up on the BOT model and once the consultant submits the report, the trust will decide on the implementation of the plan to reach a cargo volume of 325 million tonne (mnt) by 2025.
📅Published on:
19 November 2016
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